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Banks have cut 150,000 jobs since credit crunch start

citi_1014543i-300x187 Banks have cut 150,000 jobs since credit crunch startSince last July, when the whole credit crunch started the top banks had to cut around 150,000 jobs. Analysts say it can get a lot worse after the rescue-mergers and government bailouts settle. The biggest loser of this year is clearly Citi Group: they fired 23,660 people or 6.3% of workforce, reported about $60bn (£38bn) of writedowns since the start of the credit crisis, including a $13bn writedown earlier this month.

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