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Money major banks in Europe, USA hired 19,000 employees.

13:50  13 august  2020
13:50  13 august  2020 Source:   rp-online.de

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The top three banks in Europe , based on figures for 2017, haven't budged. With its total assets amounting to ,470 billion, British bank HSBC still comes out on top as the largest bank in Europe , followed by French lenders BNP Paribas and Crédit Agricole.

A complete list of banks in the United States ranked by Number of Employees from high to low based on data reported on 2020-03-31. The following is a ranking of all banks in the United States in terms of "Number of Employees ". Goldman Sachs Bank USA . 88.

(Bloomberg) - The largest US and European banks hired 19,000 employees in the first half of the year. Demand for credit and other services soared during the pandemic, and the proposed downsizing has largely been put on hold.

Eight of the 15 largest companies increased the number of their employees in the first six months of this year, only four reduced them. The workforce at three banks remained unchanged compared to the end of 2019. Barclays Plc saw the biggest increase, with more than 7,000 new jobs, while HSBC Holdings Plc saw the biggest decrease, with nearly 3,000 jobs being cut.

Hiring During Pandemic © Bloomberg Hiring During Pandemic

In the past ten years, following the financial crisis of 2008 and the subsequent global recession, major banks have consistently cut jobs. Recent recruitment in the financial sector contrasts with global job cuts at companies in other industries during the pandemic. It is true that the employment growth shows that the largest banks are in a much stronger position during this crisis. But it could prove fleeting if the moratoriums on downsizing announced in March and April are lifted in the third or fourth quarter.

Original title of the article:

Big Banks Hire 19,000 With Pandemic Boosting Demand for Services

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© 2020 Bloomberg L.P.

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