European Banks Cut Jobs as Global Economy Totters

European worries about the threat of defaults by Italy and Spain, and the possible credit downgrade of France.
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/crop112515894.jpg" alt="JOB CUTS: Stephen Hester, CEO of the Royal Bank of Scotland (RBS) leaves their annual general meeting in Edinburgh, April 19. RBS plans to cut 2,000 jobs over the next 18 months to compensate for the financial losses it suffered in the first half of 2011. (Jeff J Mitchell/Getty Images)" title="JOB CUTS: Stephen Hester, CEO of the Royal Bank of Scotland (RBS) leaves their annual general meeting in Edinburgh, April 19. RBS plans to cut 2,000 jobs over the next 18 months to compensate for the financial losses it suffered in the first half of 2011. (Jeff J Mitchell/Getty Images)" width="575" class="size-medium wp-image-1799395"/></a>
JOB CUTS: Stephen Hester, CEO of the Royal Bank of Scotland (RBS) leaves their annual general meeting in Edinburgh, April 19. RBS plans to cut 2,000 jobs over the next 18 months to compensate for the financial losses it suffered in the first half of 2011. (Jeff J Mitchell/Getty Images)
Ilya Rzhevskiy
Ilya Rzhevskiy
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