Major banks have announced 160,000 job cuts worldwide according to research by Reuters investment banks correspondent Sarah White. And the chances are that most of those posts are gone for good.Sarah White’s story on bank job losses can be read here.
Euro zone growth beats forecasts in Q3, but the bloc is still back in recession and has little hope of growing its way out of the current debt crisis, says Reuters Breakingviews assistant editor Edward Hadas.
Spain’s “bad bank” could be bad news for the country’s property developers. Reuters correspondent Tom Bill explains why:Tom Bill’s story on Spain’s bad bank can be read here.