Pasadena, CA — FinancialServicesCrossing, an affiliate of EmploymentCrossing, is fighting against the downsizing market, adding more than 7,000-plus financial services jobs to its job database this week. The financial services job site is doubling its efforts to counter the impact of the recession on the US job market. FinancialServicesCrossing scours over 8,000 job boards and 250,000 employer websites to find jobs for financial services professionals. It seeks to find and list every financial services job in the US, to relieve unemployed finance professionals from their troubles.
''The wave of economic turbulence has taken out thousands of jobs from various industries. The credit crisis has engulfed the banking industry. However, FinancialServicesCrossing has been relentlessly finding financial services jobs from every possible source and adding them to their databases to support the efforts of thousands of job seekers,'' says Harrison Barnes, the CEO of FinancialServicesCrossing.
In a shocking report recently, Bank of America stated that it could end up slashing 30,000 jobs as it moves to absorb Merrill Lynch, which it acquired in September this year, in a $50 billion all-stock deal. JPMorgan Chase & Co. of New York announced that it is firing 9,200 employees of Washington Mutual Inc. of Seattle. In November, Citigroup Inc. announced that it is laying off 53,000 employees as it aims to cut costs and return to profitability. Earlier this year, Wachovia Corp. was forced to give pink slips to about 10,700 employees after incurring huge mortgage losses amounting to $8.86 billion.
On the credit crisis front, the latest news is of Credit Suisse which is said to be cutting 650 jobs, equivalent to about 3% of its investment banking workforce. An analyst at The Oppenheimer & Co., Meredith Whitney, says that the financial industry, especially Bank of America, Citigroup, and JP Morgan Chase may cut as much as $2 trillion in credit card account lines over the next 18 months. She says that the action is expected to be taken in order to reduce risk of damage from increasing delinquencies and defaults.
''Credit deterioration and the number of bad loans were worse than expected,'' says Barnes. ''But not everything is over yet. FinancialServicesCrossing is showing that if efforts are put in the right direction, a recovery is possible. Banks and financial organizations will have to find alternative ways to weather the American economic storm, rather than putting people out of work.''
FinancialServicesCrossing has a comprehensive number of financial services job listings in its database which are constantly added and updated by hundreds of highly trained research analysts. FinancialServicesCrossing weeds out spam and jobs outside one’s niche allowing the job seeker to search jobs efficiently and specifically.
The top job titles which are highly searched on FinancialServicesCrossing are:
Financial analyst jobs
Banking manager jobs
Bank teller jobs
Financial accounting jobs
Associate jobs
Barnes adds, ''FinancialServicesCrossing has about 43,000-plus financial jobs for the job seeker’s perusal. To have these many jobs related to the financial sector in the database is a commendable achievement by any standards, especially in this recession.''
Contact:
Mary Wilson, Editorial Coordinator
FinancialServicesCrossing
626-243-1821 mary@employmentcrossing.com
About FinancialServicesCrossing:
FinancialServicesCrossing is an affiliate of EmploymentCrossing, one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. FinancialServicesCrossing consolidates every banking and finance job opening it can find in one convenient location. The website also offers a seven-day free trial to new members.
Why People Prefer FinancialServicesCrossing to Other Job Sites
"Using people and sophisticated technology, we search tens of thousands of employer websites, newspaper classified sites, job boards, government sites, public interest sites and more looking for jobs for you."
Using salespeople they call employers and try and get them to pay hundreds of dollars for a job posting
We bring all of the jobs we find into our database.
The job site only posts jobs in its site that companies pay to post.
We filter all the jobs and show you what we find that matches your interests.
They only bring in the jobs to their database that employers pay to post on their site.
We keep a low profile (we do not advertise) and only allow subscribers on our site so there are fewer applications for the jobs we find.
The job site allows any job seekers with an Internet connection, free access. It aggressively advertises the job site to bring as many job seekers as they can to each job, so employers are flooded with applications and will pay to post again.
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See Every Financial Services Job We Can Find on the Internet!
Unlike other sites, FinancialServicesCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
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Top 101 Reasons to Sign Up for FinancialServicesCrossing
Reason 37: FinancialServicesCrossing is used by numerous recruiters to find jobs for their candidates. We give you the same exact access.
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
FinancialServicesCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.
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"Using people and sophisticated technology, we search tens of thousands of employer websites, newspaper classified sites, job boards, government sites, public interest sites and more looking for jobs for you."
