Dutch banking group ING said Thursday, Oct. 29, that it expects around 400 redundancies worldwide as it simplifies its Wholesale Banking business, which will be renamed Corporate and Institutional Banking. The bank said a number of roles will change effective March 1, 2027.
Barclays expects to cut about 5,000 jobs this year, roughly 5% of its workforce, with most of the reductions falling on support functions, the British bank's executives said Thursday, Oct. 22, as it reported third-quarter results.
National Australia Bank expects to cut up to 2,500 roles, or about 6% of its internal workforce, during its 2027 financial year, with up to 1,500 of those positions going before the end of 2026, the bank said in a statement to the Australian Securities Exchange on Tuesday, Oct. 20.
