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  1. American Express to cut 7000 jobs, credit limits (Outlook India)
    In order to slash its costs by USD 1.8 billion in 2009, major US credit card group American Express, will lay off 7000 of its employees, amounting to around 10 per cent of its worldwide workforce.
    www.outlookindia.com
  2. Community Bank hit with lawsuit over loan default in Lake Las Vegas (Las Vegas Business Press)
    Economic times are punishing financial institutions, and now banks may be facing even more headaches. In what some predict could be the first case in a slew of litigation, a borrower is suing a local bank for pulling the plug on its loan.
    www.lvbusinesspress.com


 
 
 
 
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