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Bank of America to cut fewer than 5 percent of jobs at two units: Bloomberg [March 20, 2014] (Reuters) — Bank of America Corp <BAC.N> is laying off workers at its global trading and investment banking divisions, Bloomberg reported quoting three people with direct knowledge of the decision. |
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The job cuts would affect less than five percent
of employees at the two units, with some staff members
volunteering to leave the company, Bloomberg said. The bank's head of U.S. investment-grade industrials trading,
Thomas Skove, was among those asked to leave, Bloomberg reported
citing two of the people. Bank of America hired Jon Klein from Credit Suisse Group AG <CSGN.VX>
this month as a managing director in investment-grade trading,
Bloomberg said quoting people with knowledge of the move. Bank of America could not be reached for comment outside normal
business hours. (Reporting by Rohit T. K. in Bangalore; editing by Stephen Coates) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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