More Layoff Rumours

The layoff rumours are coming thick and fast now. Frankly, you could probably pick any number of firms and a headcount cut of between 10 - 20% and you probably won't be far off come the end of the year.

This time it's Deutsche Bank, though, with Dealbreaker reporting unconfirmed speculation that the German bank is looking to layoff up to 5% of its global markets workforce in the next month or so.

In the meantime, The London Evening Standard reports that HSBC 'gave a bullish signal' to the City of London last week by signing up for additional space for 800 staff in Canary Wharf. Wags suggests, however, that the bank may simply be trading down - relocating its HQ and firing most of the 8,000 people currently in HSBC Tower - leaving the 800 left to move up the road. Cruel.

And on an even more positive note, The Wall Street Journal reports that Spain's BBVA is to embark upon an 'aggressive bid to expand its investment bank in Latin America, Asia and the US' by hiring 1,000 bankers, sales and trading and asset management types in the next 3 years.

Finally, Reuters reports that Bank of America CEO Brian Moynihan confirmed last week that his bank's profits 'have a lot of room to grow'. And things must be looking up, because The Wall Street Journal's Heard on the Street column mentions that the bank's 2011 healthcare conference looks like being hosted back in Vegas. Due to the financial crisis, it was thought prudent to hold the event in New York in 2009 and 2010.

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