U.K. Banks Slashing 189,000 Jobs, 24% Drop

Britain’s top four banks are expected to eliminate 189,000 jobs by the end of 2013 from their 2008 peak.

According to Bloomberg report, the biggest four banks in the U.K., Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS), HSBC Holdings plc (NYSE:HBC) (LON:HSBA), Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) and Barclays Plc. (BARC) are expected to employ about 660,000 people across the globe by the end of this year, as against 795,000 in 2008, a substantial drop of 24 percent.

The job numbers...