U.K. banking sector faces unemployment problem

Note: This section contains information in English only.
Source: Bloomberg
It is expected that the four biggest banks of the U.K. will cut approximately 189,000 jobs by the end of the year 2013 and that would lead to the lowest employment level in nine years. Royal Bank of Scotland Group Plc, HSBC Holdings Plc (HSBA), Lloyds Banking Group Plc (LLOY) and Barclays Plc (BARC) are predicted to employ 606,000 people all over the world by the end of this year, compared to 795,000 employees in 2008, which was the highest employment rate.

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