Almost 5,000 jobs cut on Bank of America getting funds
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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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Bank of America Corp. , the  second-largest U.S. bank, said on Thursday quarterly profit  rose 5 percent, topping analyst estimates, as gains from  private equity and investment banking offset lower retail  banking earnings and worsening loan quality.
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Bank of America Corp. , the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, as private equity and investment banking gains offset lower retail banking earnings and worsening loan quality.
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Bank of America Corp. will make further cuts to its work force, eliminating another 4,500 positionsâor 2.5 percent of its employee baseâduring the next six months.
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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 will donate $5 million to mostly repay medical school loans of primary care doctors who agree to practice in Eastern Massachusetts community health centers, which are bracing for thousands of additional patients who will have coverage under the state's new health insurance law.
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Bank of America Corp. said yesterday it will eliminate 4,500 more jobs as it absorbs the operations of FleetBoston Financial Corp.
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Bank of America will begin this month to cut 4,500 jobs across the company, predominantly in non-customer-facing positions. Bank of America said the cuts will spell $150 million in severance
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , which suffered bad publicity over layoffs at former Fleet branches, on Friday said it will move an additional 300 jobs to Boston next year.
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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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Indebtedness of $5.5 billion will limit future US spending options.
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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 England policymakers were united in their decision to cut interest rates by a quarter-point to 5.50 percent earlier this month, according to minutes of the BoE meeting published Wednesday.
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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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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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Business leaders are calling for more interest rate cuts after the Bank of England cut the cost of borrowing to 5.25%.
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BOSTON (CBS.MW) - Massachusetts State Treasurer Timothy Cahill said Bank of America&#39;s pledge to honor employment commitments in New England - even as the bank cuts 4,500 jobs -- shows the bank is living up to its promises.