New York, May 1 (FinanceEnquiry.com) - Bank Of America (NYSE : BAC) is planning to lay off 400 jobs in its investment banking, corporate banking and sales and trading division.
Bank of America is also planning to sell its wealth-management operations in Asia, Latin America and Europe for around $3 billion. Such a move will see elimination of 2,000 jobs. The bank announced during the last last spring that it will follow a cost-reduction program by the name of Project New BAC. The main objective of the program was to cut 30,000 jobs in consumer banking and technology sector in the coming few years.
Bank of America’s worldwide employee strength stood at about 278,700 at the end of March.
New York, June 20 (FinanceEnquiry.com) – As soon as the US Federal Reserve indicated it is shifting nearer to decelerating the rate of bond buys later 2013 provided that the economy continued its...
New York, June 20 (FinanceEnquiry.com) – Increasing the jeopardy of a steeper 2Q deceleration and augmenting the temperature on the central bank to loosen policy, an initial survey demonstrated...
New York, June 20 (FinanceEnquiry.com) – In a handset, we all search for a good battery life, incorporation of modern features and nicer operating system, which is a key to unlock lots of...
New York, June 20 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Bed Bath & Beyond Inc (NASDAQ: BBBY). The 12-month target price is set to $74.
In...
New York, June 20 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of American Capital Agency Corp (NASDAQ: AGNC). The 12-month target...
New York, June 20 (FinanceEnquiry.com) – The mini-SIM carrying Xolo X1000 entered in the industry in the month of March only but with ‘up to the mark’ performance, it has successfully created a...
New York, June 20 (FinanceEnquiry.com) – Everyone desires of spending sums on the purchase of optimal quality products and similar concept gets fitted when someone wants to get a mobile...
New York, June 18 (FinanceEnquiry.com) – The Mini-SIM holding Pantech Flex P8010 was released last year in September. Dimensions of the handset are visible as 129.8 x 67.1 x 7.9 mm (5.11 x 2.64 x 0.31...
New York, June 18 (FinanceEnquiry.com) – White color has been chosen to represent the new Spice Mi-422 Smartflo Pace, a dual SIM (Mini-SIM) handset that comes in the dimensions of 126 x 63.8 x...
New York, June 17 (FinanceEnquiry.com) – In view of the fact that traders desisted large steps prior to an important meeting of US central bank policymakers afterward in the week, oil costs slipped on the very...
