U.S. megabank J.P. Morgan Chase & Co. (JPMC) is cutting more than 5,000 jobs in an effort to cut costs in a post-crisis regulatory landscape of big fines and tight margins, according to industry sources and a report in The Wall Street Journal. The cuts are one facet of a broader move toward Internet and… Read More >>
Lloyds to Cut 9,000 Central, Back-Office Jobs
U.K. institution Lloyds Banking Group (LBG) will be cutting its workforce by 9,000 positions over the next three years with most of the job cuts to come from central and back office functions, according to industry sources. “The majority of roles will come from central or back office functions,” says an industry source familiar with… Read More >>
SmartStream: Greater Back-Office Efficiency via a Utility Model
In a sponsored video interview Darryl Twiggs, SmartStream’s executive vice president, product management, talks to FTF News about the real-time message processing paradigm shift causing firms to consider big cuts in the back office and new solutions with a broader focus, based on a utility model.
