Friday, August 19, 2011

BofA cutting 3,500 jobs this quarter: memo

http://www.reuters.com/article/2011/08/19/us-bofa-idUSTRE77I0HI20110819

Bank of America (BAC.N) is cutting 3,500 jobs this quarter according to an internal memo, as the biggest U.S. bank grapples with its $1 trillion problem-loan portfolio and growing economic concerns.

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