Bank of America to Cut 4,500 More Jobs
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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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AT&amp;T Corp. said it will cut one-fifth of its work force this year -- or 7,400 more jobs -- and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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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.
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The axe has fallen. Bank of America said it will eliminate 3,000 jobs following its announcement last week of a huge drop in earnings for the third quarter. Most of the layoffs will come from its investment banking unit. BofA also said it was starting a strategic review of its investment banking business, raising [...].
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Bank of America Corp. is cutting 4,500 jobs, or 2.5 percent of its work force, with the firings spread throughout the company. The company says it&#39;s part of a &quot;simplification&quot; of its business model.
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Bank of America Corp. 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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The UK's biggest insurer, Aviva, announces plans to cut 4,000 jobs at its Norwich Union business by 2008.
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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&#39;s moving one of its four major business lines to Boston. The news of the decision to move the Wealth and Investment Management Business to Boston comes
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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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- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
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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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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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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. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit. The decision comes after the bank agreed
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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.  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.