New York - Job cuts in Wall Street

Population, 2003 estimate 8,085,742 (80,85,742)

Foreign born persons, percent, 2000 35.90%


Housing units, 2000 est. 3,200,912(32,00,912)

Median household income, 1999 $38,293
Per capita money income, 1999 $22,402

Source:
http://quickfacts.census.gov/qfd/states/36/3651000.html

The finance industry in New York provides jobs to 11 per cent of all jobs in New York and accounts for 29 percent of earnings.

The present employment in finance industry is 200,000 (2,00,000).
Since August 2007 so far 20,000 jobs are lost.

People are worried because in 2001, 60,000 jobs were lost.
During 1987-93 1,00,000 workers were laid off.

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The global practice group has expertise in the following business sectors:

Corporate & Investment Banking -Corporate Lending, Syndications, Asset & Structured Finance, Capital Markets, Venture Capital

Consumer & Commercial Banking - Retail & Consumer Finance, Mid Market Commercial, Lending, Leasing, Renting

Private Banking Wealth Management - Trust & Trust Management

Insurance & Investment Services - Life, Health, Pension & Damage Insurance, Risk Management, Mutual & Pension Funds

Transaction, Financial & Operational - Services Brokerage, Securities & Trading, Derivative & Operational Products, IT Services