''Wall Street Job Cuts Show No Sign of Abating; Banks May Sue Each Other Over Libor: Roundup''

From New York Observer

''Wall Street ax: The six largest U.S. banks have cut 18,000 jobs in the last year, according to The Wall Street Journal, and the industry is showing no signs of slowing down its cost-saving efforts. Goldman Sachs said it would pare an additional $500 million in expenses in the second half of the year, in part by relying on younger, cheaper bankers; Bank of America is aiming to decrease annual spending by $3 billion by 2015; Credit Suisse told New York’s Department of Labor that it would cut 138 jobs beginning next month.''

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