More job cuts pain in the UK... It was reported on Friday 03 October 08 that the worlds biggest fund manager is looking to cut 2,000 more jobs. The
bank is looking to close most of its commodities business and scaling back on investment banking, although not closing investment banking completely. The
bank has already cut 4100 jobs in the previous year and most of the cuts will be seen in the US and the UK....
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The government has opted to increase the saving protection for savers in banks from £35,000 to £50,000. This is in a bid to offer some further confidence to savers thet even if a
bank goes bust, their individual savings of up to £50,000 will be protected. Will this limit protect savers enough compared to the Irish banks who have offered 100% protection guarantee?...
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