More job cuts (it just doesn’t stop) … at least this one isn’t only in the US. Â
Credit Suisse announced an additional 5300 jobs to be cut from its global workforce.  This comes after already losing 1800 jobs this year.
That accounts for 11% of the Credit Suisse Work force.
So we have layoffs in:

Credit Suisse – [...]

We have been following the JP Morgan / WaMu story for a while (there should be some related links below).
According to the BBC, JP Morgan Axes 9,200 jobs at WaMu.
WaMu, Washington Mutual, was the largest US bank to fail.  It was sold by regulators to JP Morgan at the bargain price of $1.9 billion. Â
4000 [...]

The Breakdown:

Washington Mutual (WaMu) failed on September 29, 2008
Biggest bank failure in history
Federal regulators seized operations and sold to JP Morgan
WaMu cuts payroll by 13% in California
1600 call center jobs cut

Another day, more layoffs announced.  In this case it may be better news than it seems.  Washington Mutual (now owned by JP Morgan) is cutting [...]

The NY Times published an article, Was There a Loan It Didn’t Like?.
The article goes into how one loan officer, was forced to put through very questionable loans.
If you came to this site to find out how or why a bank fails, this is definitely it.  Making banking a numbers game, where the numbers aren’t [...]

In an effort to find creative ways to deal with over $70 billion in bad mortgage loans JP Morgan Chase & Co has on its books, the banking giant has come up with a new plan to help its customers.  Its Loan modification program will go into effect over the next 90 days, and until [...]

As published in the NY Times, the government has seized the assets of Washington Mutual on Thursday night.
Who’s next?

Everyone’s trying to get past the early part of the week.
Could it be true that we will face even more bank failures? Â
CBSNews reports that Washington Mutual Inc. and Morgan Stanley may have turbulent times ahead:

Wall Street Swings Day After Meltdown, CBSNews 

According to the article:

Wells Fargo & Co. and Citigroup Inc. are interseted in a [...]