UPDATE 1-Bank of America says moves 300 more jobs to Boston
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , which in September promised to move 100 wealth and investment management jobs to Boston, on Friday said it would move an additional 300 jobs to that city next year.
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Bank of America said Thursday that it would cut an additional 4,500 jobs from its work force, increasing the number pared since its acquisition of FleetBoston Financial by 36 percent, to 17,000.
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NEW YORK -- Chad Gifford, the executive who built BankBoston and eventually sold its successor, FleetBoston Financial, in a landmark deal, will step down as chairman of Bank of America at the end of January.
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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Bank of America Corp. BAC.N, plans  on Wednesday to lay off hundreds of tellers and other employees  at Fleet bank branches, and ask them to leave immediately, the  Boston Globe said on Wednesday, citing documents it obtained  and Fleet branch managers.
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Bank of America Corp. yesterday laid off hundreds of workers at Fleet bank branches across the Northeast as the North Carolina bank began to implement its brand of customer service on the institution it purchased for $48 billion in April. The changes signal a shift toward a heavier reliance on part-time tellers, which would improve customer service during peak hours ...
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Bank of America Corp. chief executive Kenneth D. Lewis reaffirmed his bank&#39;s commitment to New England yesterday in a round of meetings in Boston with state
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OneUnited Bank, a Boston company ranked as the nation's second-largest black-owned bank, is planning an expansion that could put up to five new branches in Boston neighborhoods before year's end and eventually dozens in other cities.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Bank of America Corp , the second-largest U.S. bank, on Wednesday said it plans to eliminate 3,000 jobs, and that the head of its corporate and investment banking unit will depart after a dismal quarter led to a 32 percent drop in quarterly profit.
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Boston Scientific Corp  said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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Thousands of new customers across the Northeast are flocking to Bank of America Corp. , chief executive Kenneth D. Lewis said yesterday, despite a wave of bad publicity over layoffs and other business decisions.
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Bank of America Corp., following pressure from Massachusetts authorities to justify job cuts and movement of business lines out of state, today unveiled plans to locate its wealth-management business in Boston.
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CHARLOTTE, NC -- Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Bank of America Corp. chief executive Kenneth D. Lewis reaffirmed his bank's commitment to New England yesterday in a round of meetings in Boston with state and city officials, but he still declined to specify how many Massachusetts jobs the bank will cut as a result of its $48 billion acquisition of FleetBoston Financial Corp.