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 >>
Similar Stories to Report: Bank Of America Job Cuts May Affect 40,000 Workers on Bing News
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.
12/18/2024 - 10:15 am | View Link - Why money’s flowed into Bank of America bonds — and how a Fed pause in rate cuts may help financial firms
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.
12/18/2024 - 4:58 am | View Link - These Bank of America analysts say it’s too late to avoid a market bust — but the Magnificent Seven stocks will still outperform
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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