Banks threaten with drastic job cuts

BusinessEconomy ♦ Published: July 19, 2010; 00:00 ♦ (Vindobona)

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

Banks threaten with drastic job cuts / Picture: ©

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…