Bank of America cuts 150 jobs in investment banking

Bank of America cuts 150 investment banker jobs. It’s the most recent round of layoffs
The reduction comes weeks after Bank of America let go of staff in its investment banking and global markets divisions globally, Reuters reported.
Bank of America axes 150 junior banker jobs after layoffs at Goldman Sachs, JPMorgan
The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations in the first half of the year.
Bank of America cuts 150 jobs in investment banking: report
Charlotte-based Bank of America Corp. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division, sources familiar with the matter told Reuters. The bank says most junior bankers were offered roles outside investment banking.
Exclusive: Bank of America eliminates some investment banking roles, sources say
Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters.
Bank of America is cutting back on investment bankers
Reuters said they came a few weeks after Bank of America laid off about 1% of its workforce following performance reviews, including managing
Bank of America Lays off 16 Investment Bankers in Hong Kong in Global Trim, Sources Say
HONG KONG (Reuters) - Bank of America has laid off 16 bankers in Hong Kong as part of global cuts to its investment banking workforce, two sources with knowledge of the matter told Reuters on Friday. The lay-offs mainly targeted junior dealmakers, said the sources, who asked not to be named as they were not authorised to speak to media.
Bank of America Surprises Junior Bankers with Role Eliminations
Bank of America (BAC) stock dipped Tuesday after the financial firm announced a new set of job cuts. According to insiders, the company cut 150
Bank of America cuts 16 investment bankers in Hong Kong in global trim, sources say
Bank of America has cut 16 bankers from its investment banking department in Hong Kong as part of global cuts to its dealmaking workforce, three sources with knowledge of the matter told Reuters on Friday.
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