Bank of America trims jobs
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CHARLOTTE, NC | A successful integration with FleetBoston Financial Corp. and declining business in mortgages has led Bank of America Corp.
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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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US investment bank Lehman Brothers says it will cut 1,300 jobs as its scales back its US home loan business.
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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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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  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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Bank of America Corp., which operates 25 branches in the Houston area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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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 plans to move an additional 300 jobs from its Wealth and Investment Management businesses to Boston. The bank was sharply criticized after it cut jobs at former Fleet branches in 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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About 1,000 employees at Fleet branches across the Northeast got the ax yesterday - and thousands more job cuts are on the way as new owner Bank of America Corp. aims to hit its goal of reducing total employment by 12,500.
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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. (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 Corp. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit.
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Bank of America Corp  said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its prime brokerage unit, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.
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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. 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.