Bank Of America To Cut 3,000 Jobs

Bank of America Corp. says it will eliminate 3,000 jobs. The announcement comes less than a week after the nation's second-largest bank posted disastrous third-quarter results.

The cuts will affect less than 2 percent of the company's staff.
The company says most of those losing jobs will come from the
bank's investment banking unit.

The Charlotte-based bank also said it is launching a strategic
review of its investment banking business.


We encourage commenting on our stories to give you a chance to express your opinion. We rely upon the online community to report abuse. Repeat violators may be banned from posting comments. CLICK HERE for the guidelines for posting comments. powered by Disqus