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The announcement comes one day after reports emerged that the company plans to cut costs by as much as $8 billion per year in neat future, according to a separate Bloomberg report. The bank, which recently surrendered the title of largest in the country, announced late last year that it would slash 30,000 jobs over the next few years to compensate for the bank’s mortgage unit and new regulations, both of which have hurt BofA’s bottom line. Bank Of America To Cut Investment Banker Pay By 25 Percent: Report

The announcement comes one day after reports emerged that the company plans to cut costs by as much as $8 billion per year in neat future, according to a separate Bloomberg report. The bank, which recently surrendered the title of largest in the country, announced late last year that it would slash 30,000 jobs over the next few years to compensate for the bank’s mortgage unit and new regulations, both of which have hurt BofA’s bottom line.

Bank Of America To Cut Investment Banker Pay By 25 Percent: Report

  1. entropybegets said: near future not neat future
  2. knightriderradio reblogged this from huffingtonpost
  3. ipsadixit reblogged this from huffingtonpost and added:
    more reasons to love BofA
  4. huffingtonpost posted this