Bank of America prepares to make investment banking job cuts

[krafty]

The number of employees to go at Bank of America could not be determined on Friday but people familiar with the matter said it was likely to be higher than the 5 per cent who are typically axed each year in investment banking.

Competitors including Morgan Stanley and Credit Suisse have already laid down plans for cuts as pressures mount on trading businesses — particularly in fixed income, currencies and commodities.

First-quarter FICC revenues are set to drop by an average 15 per cent at Bank of America, Citigroup, JPMorgan and Morgan Stanley, analysts at Goldman Sachs estimated this week.

More than 10,000 jobs went across all the bank's divisions last year, reducing the total headcount to about 213,000 at the end of the year. Bank of America does not disclose how many people work at its global banking and global markets business.


http://www.cnbc.com/2016/02/27/bank-of-america-prepares-to-make-investment-banking-job-cuts.html

 

[rocket]

Krafty 你的的士没开吗？

 

[krafty]

krafty 你的的士没开吗？

我已经退休了。。。。:d

 

[rocket]

我已经退休了。。。。:d

是真的吗？
人家都说你是开的士。还是一个无聊的怪老头。

 

[congo9]

Economy should be driven by technology and know how. It's high time to trim the fat. It also high time to reign in on future's money, which is of course not realized yet.