Bank of America to cut more jobs
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The decision comes on top of 12,500 job cuts that the bank initially said it would eliminate during the merger. The bank&#39;s move drew fire from two Massachusetts
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CHARLOTTE, NC Bank of America says it&#39;s cutting about 45-hundred jobs beginning this month as a result of its merger with FleetBoston Financial.
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CHARLOTTE, NC - Bank of America said Thursday it will cut about 4,500 jobs beginning this month as a result of its merger with FleetBoston Financial Corp.
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Bank of America Corp. BAC.N will cut  an additional 4,500 jobs from its ranks, increasing the number  of jobs lost since its FleetBoston Financial acquisition by 36  percent to 17,000.
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Bank of America Corp  said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its equity prime brokerage business, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of the total workforce, as earnings decline.
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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually.
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Bank of America Corp. laid off an unspecified number of employees Wednesday at hundreds of Fleet Bank branches, a byproduct of the merger of the two banks, a company spokeswoman said.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of its workforce, to stem a decline in operating profit as revenue growth stalls.
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The largest retail bank in the US - Bank of America - is to cut 4,500 jobs as part of its ongoing integration of FleetBoston.
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The mortgage lender IndyMac Bancorp said that it would cut its work force by 24 percent.
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Deutsche Bank, Germany's biggest bank, said it planned to slash 3,280 additional jobs, or five percent of its workforce, even as its net profit soared 87 percent last year in its best annual performance in four years.
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Bank of America Corp. confirmed yesterday it will locate its wealth management division in Boston and said it will move about 100 high-level jobs here.
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Bank of America says it is to cut about 3,000 jobs as it restructures its loss-hit investment bank division.
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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 ...
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The layoffs are a result of Bank America&#39;s merger with FleetBoston Financial Corporation.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) on Thursday said it would increase the number of jobs it will cut by 36 percent to 17,000 after its acquisition of FleetBoston Financial as it simplifies operations.