- 5,712
- 1,019
- Joined
- Mar 31, 2005
[h2]Bank of America at it again vol. 10k jobs to the grinder[/h2]
Where in the article does it say 10,000 JOBS? and FYI there is a reason for it...
NEW YORK (AP) -- Bank of America Corp., the nation's largest bank, said Friday that it plans to cut 3,500 jobs by the end of September.
The entire banking industry is shrinking, as new regulations and the fallout of the financial crisis force it to become smaller, simpler and less profitable. Many of the complicated investment vehicles that fueled the industry before 2008 are gone, after being blamed for causing the financial crisis.
Where in the article does it say 10,000 JOBS? and FYI there is a reason for it...
NEW YORK (AP) -- Bank of America Corp., the nation's largest bank, said Friday that it plans to cut 3,500 jobs by the end of September.
The entire banking industry is shrinking, as new regulations and the fallout of the financial crisis force it to become smaller, simpler and less profitable. Many of the complicated investment vehicles that fueled the industry before 2008 are gone, after being blamed for causing the financial crisis.