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The Dutch firm is following a trend in the banking sector of job cuts spurred on by tighter capital requirements and other pressures.
With the layoff of 9,000 employees, European cooperative Rabobank has joined a growing line of banks making large-scale redundancies in 2015 as the industry faces tighter capital requirements, among other pressures. Rabobank, a Dutch co-operative bank that is active in 40 countries, announced details of a new strategic direction on Dec. 9, 2015 that it...
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