Online investment firm Scotttrade is expanding and will add 285 jobs in the Denver area. Scotttrade, which was named one of Fortune’s 2010 “Best Companies to Work For,” recently purchased a new facility that will house information technology and national service center associates, according to local reports. The company will begin hiring in the [...]
Continue reading...Tuesday, December 1, 2009
BlackRock, scheduled to complete its takeover of Barclay’s investment unit today, has said it will eliminate 89 jobs in San Francisco. This represents 1% of the combined workforce of 9000 employees. According to a report filed with the California Employment Development Department the cuts will be made by January 8. No word [...]
Continue reading...Wednesday, April 22, 2009
Baltimore-based investment firm T. Rowe Price has laid off 288, the firm’s first major layoffs in eight years. The cuts affected call center employees, but not portfolio managers. In Q1 the money manager’s net income fell to $48.2 million, or 19¢ per share, from $151.50 million, or 55¢, one year ago. Expenses related to the layoffs will [...]
Continue reading...Wednesday, February 25, 2009
The capital markets arm of mutual fund giant Fidelity Investments plans to expand its ranks of traders, sales and other staff by 20% this year, even as Wall Street rivals slash jobs. Fidelity is building out such businesses as stock trading, prime brokerage for hedge funds and municipal bonds. Last year Fidelity’s capital markets arm expanded by [...]
Continue reading...Wednesday, January 21, 2009
BlackRock, the largest publicly-traded US asset manager, said Q4 earnings fell 84% as the firm cut 500 jobs and marked down the value of hedge-fund investments. Net income declined to $53 million, or 40 cents a share, from $322.4 million, or $2.43, a year earlier, the New York- based company said. In November, the company said it [...]
Continue reading...Tuesday, January 20, 2009
Cerberus Capital Management LP, the private-equity firm whose holdings include Chrysler, may cut its workforce by 10% amid a freeze in leveraged buyouts. Cerberus hasn’t made a final decision on which jobs to eliminate. The New York-based company has about 275 investment and operations professionals. Private-equity firms are firing workers after the value of completed leveraged buyouts [...]
Continue reading...Friday, January 16, 2009
MIlwaukee financial services firm Marshall & Ilsley posted a Q4 loss, and will cut jobs and slashing its dividend as it faces mounting loan losses. The firm, which operates regional banks and investment & financial management firms, lost $403.9 million in Q4, compared with earnings of $493.9 million during the same quarter last year. Marshall & Ilsley [...]
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Monday, January 25, 2010
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