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.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.