More losses and job cuts in the banking sector:
The Current State of the Struggling Financial Sector
http://www.modestmoney.com/current-state-financial-sector/30834?
That is significant, their stocks are down 12% to 22%, and one company is going to lay off 4,000 employees. I take it the fines from 'white collar crimes' are killing them and people are in turn losing confidence. Hopefully the digital currency and fintech industries have and will continue to absorb some of the loss in jobs. It is always disheartening to see people being laid off, especially under these circumstances.
Since the 2008 financial crises, most of the banks that survived have recovered significantly, mostly due to plenty of "cheap" money available. On balance, banks are in a better position this time around, but are confronted with more challenges, especially coming from the digital currency and FinTech space. And it is just the beginning. Major job loses in the banking sectors will continue for years.