Bank of America planning layoffs for investment bankers: report

Bank of America Corp. is reportedly planning to lay off up to 200 investment bankers globally, Bloomberg News reported on Thursday, citing sources. Those cuts are expected to begin in coming weeks, though the moves were still being discussed, the source said. Layoffs have rippled across Wall Street, with Goldman Sachs and Morgan Stanley among those that have made hefty staffing cuts after last year’s tough market conditions hampered investment banking revenues.

... Bank of America Corp. is reportedly planning to lay off up to 200 investment bankers globally, Bloomberg News reported on Thursday, citing sources. Those cuts are expected to begin in coming weeks, though the moves were still being discussed, the source said. Layoffs have rippled across Wall Street, with Goldman Sachs and Morgan Stanley among those that have made hefty staffing cuts after last year’s tough market conditions hampered investment banking revenues.

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Bank of America plans job cuts in its investment bank - Bloomberg NewsBank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would add the lender to a growing list of Wall Street firms to that have reduced their workforce in recent months. Reuters quoting Bloomberg ? What the..... BoA will spend $25 BILLION on a stock buy back but not to keep employees
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