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Banks threaten with drastic job cuts

Published: July 19, 2010; 00:00 · (Vindobona)

Bankers warnings on impact of the stricter financial rules, five to ten thousand jobs are threatened.

Bankers warn about the impact of the stricter rules for banks, including new tax and financial security funds.

Bank Austria has simulated the initial impact study for the Austrians. Conclusions: Given the current income the additional billions worth of additional spending are not bearable. There is an impending threat of cost cuts, more expensive premiums for customers, and a…

This article includes a total of 372 words.

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