Europe's Biggest Banks Are Cutting 30,000 Jobs

http://www.bloomberg.com/news/articles/2015-11-03/30-000-banking-jobs-to-go-as-standard-chartered-joins-in-cuts

"It's just further evidence that Europe's banks didn't adapt quickly enough to the post-crisis world and are now playing catch up," said Christopher Wheeler, an analyst at Atlantic Equities LLP in London... More bloodletting may be on the way. Milan-based UniCredit SpA is considering as many as 12,000 job cuts as it seeks to improve profit and capital levels, people with knowledge of the discussions said last week. The numbers, which are still under review, increased from 10,000 a month ago and may change depending on the outcome of asset sales. The largest Italian bank reports earnings next week.''