The Virgin empire is announcing job losses in various divisions
Clydesdale and Yorkshire Banks to cut jobs
Clydesdale and Yorkshire Banks, both owned by Australia's National Australia Bank, is to cull 350 jobs. But there is some solace.
DBS breaks ranks in Singapore job cuts
Singapore banking group DBS has announced 900 job losses - roughly half in each of Hong Kong and Singapore making it the first major Singaporean company to shed substantial numbers, to the chagrin of at least one minister.
RBS to cut 3,000
Nationalised UK bank RBS (Royal Bank of Scotland) has announced 3,000 job cuts in a desperate effort to survive.
Neptune Orient to cut 1,000 jobs
The shipping industry continues to suffer from global downturn and Neptune Orient cuts its workforce by 1,000.
HSBC group announced 1,100 job losses several weeks ago but it has now announced a further 500 jobs are to go - in Hong Kong.
75,000 jobs to go at Citi?
Latest reports say that as many as 75,000 jobs will go at CitiGroup.
2300 jobs lost at Wolseley
UK building products maker says 2300 jobs to go.
The Bad News File
Job losses, corporate insolvency, businesses closing. It's all bad news but in a strange way kind of comforting - whatever is happening around you isn't just happening where you are.