Bank of America to cut 16,000 jobs

by Phil's Stock World, Benzinga Contributor
September 20, 2012 1:53 PM | 1 min read |

Bank of America to cut 16,000 jobs: report (via AFP)

Bank of America plans to cut 16,000 jobs by year-end in a major restructuring that would end its title as the biggest US banking industry's largest employer, The Wall Street Journal reported Thursday. The cuts will take the banking giant's total employment to 260,000, the Journal said, the lowest level…

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