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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Bank of America Corp  said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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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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Charlotte-based Bank of America Corp. will slash 4,500 positions from its work force, or about 2.5% of its payroll. The company expects to incur charges of $150 million over three quarters, beginning in the third quarter, from severance payments.
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Connecticut's attorney general, Richard Blumenthal, said yesterday that Bank of America Corp. told him it would cut 100 jobs in Connecticut but add about the same number, marking the first time the bank has given any state an account of how many employees would be affected by its merger with FleetBoston Financial Corp.
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Bank of America Corp  on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
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Bank of America Corp.  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.
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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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Countrywide Financial Corp, the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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Bank of America Corp  on  Wednesday said it planned to eliminate 3,000 jobs, and shook up  its corporate and investment bank after a dismal quarter at  that unit led to a 32 percent drop in overall profit.
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No. 3 US bank will lay off hundreds from newly acquired Fleet branches, &#39;Boston Globe&#39; reports. NEW YORK  - Bank of America Corp. plans to lay off hundreds of tellers and other employees at Fleet bank branches, said a newspaper report Wednesday, ...
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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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 said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.
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The Bank of America Corporation said yesterday that it would cut an additional 4,500 jobs from its ranks, beginning this month, as it simplifies operations.