Bank of America is looking to significantly cut jobs across its global banking and markets business, say sources, with cuts likely to be over 5% of staff; employees could be told of the cuts as soon as the worst quarters. This is in line with many Wall Street firms who are also cutting back staff amid one of March 8th for investment banking and trading revenues.
Bank of America is looking to significantly cut jobs across its global banking and markets business, say sources, with cuts likely to be over 5% of staff; employees could be told of the cuts as soon as March 8th. This is in line with many Wall Street firms who are also cutting back staff amid one of the worst quarters for investment banking and trading revenues.