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Wachovia looks for new Chief Financial Officer

Wachovia has announced today that Chief Financial Officer, Thomas J. Wurtz plans to leave the bank. The company has now started their search for his successor.
Robert K. Steel, President and CEO of

1,800 Barclays Bank IT staff moving overseas

Barclays Bank has now confirmed that they are to move 1,800 IT staff overseas over the next three years. Some of these jobs will go to UK staff, but as yet Barclays have offered no more details of the terms and conditions of the new deal.
The bank did make a statement saying

Bovis Homes and Redrow housebuilders announce job cuts

Bovis Homes and Redrow homebuilders have announced that they have no choice but to introduce job cuts, this follows the news that we reported yesterday that Persimmon had to shed a number of jobs.

IndyMac cutting 3,800 jobs & stopping most mortgage loans

One of the Largest mortgage lenders in the U.S., IndyMac Bancorp Inc are to cut 3,800 jobs as well as stopping most home loans. Currently IndyMac employ 7,200, so they will be losing 53 percent of their workforce.