Settling accounts: why Vontobel fired star bankers

Article Abstract:

This article discusses the firing of three executives of Vontobel Holding AG. The company's board of directors relieved of duty CEO Jeorg Fischer, CFO Walter Kaeser and corporate financial chief Hans-Peter Bachman, who have been considered superstars in the world of Swiss banking, were dismissed for "legal violations, noncompliance with internal guidelines. . . and breach of trust and faith."

Executive changes & profiles, Appointments, resignations and dismissals, Fischer, Jeorg, Kaeser, Walter, Bachman, Hans-Peter, Vontobel Holding AG

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J.P. Morgan Chase expects to reduce staff by up to 8%

Article Abstract:

J.P. Morgan Chase and Co. is planning to downsize its labor force by as much as 8% due to deteriorating market conditions. The planned layoffs amount to approximately 8,000 employees.

United States, J.P. Morgan Chase and Co.

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ZFS plans big job cuts at head office

Article Abstract:

Zurich Financial Services is planning to downsize its labor force at its headquarters in Zurich. The company plans to layoff more than 50% of its corporate headquarter jobs.

Financial Services, Finance and Insurance, Zurich Financial Services

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