Bank of America to cut up to 10,000 jobs
The 3,500 jobs reduction would be implemented by the end of September this year and will affect most divisions of the bank, including investment banking and trading. Cutting the other thousands of posts could take place during a restructuring plan, according to the Wall Street Journal.
Read the article here.
Irina Popescu, irina.popescu@romania-insider.com
(photo source: Prnewswire.com; in photo: Brian Moynihan, CEO Bank of America)