As part of its previously announced restructuring plan, Bank of America may cut up to 40,000 jobs, The Wall Street Journal reported. Bloomberg News also said the nation’s largest bank is weighing cuts, though that report suggested the cuts would total around 29,000 jobs. Read full article >>
Report: Bank Of America Job Cuts May Affect 40,000 Workers
Sarah Halzack, Washington Post
Fri, 09/09/2011 - 6:46am
BING NEWS:
- Fed Cuts Interest Rates and Markets Plunge After 2025 Forecast
The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more reductions next year as inflation lingers.
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The Federal Reserve’s expected interest-rate cut Wednesday is seen as a potential boost for the banking sector, as corporate bond investors weigh prospects for the U.S.‘s money-center banks.
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The stocks of the ‘Magnificent Seven’ technology giants will likely continue to outperform in 2025, even though a market crash is now “inevitable,” Bank of America’s analysts have said.
12/17/2024 - 1:23 am | View Link - More
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