Bank of America Corp. is accelerating a broad cost-cutting plan and has set a target of shedding 16,000 jobs by year's end…
The plan is designed to make the company take less risk, generate more revenue out of existing customers and use an investment banking operation inherited from Merrill Lynch Co. to become a major deal maker around the world.
Read more: http://www.businessinsider.com/report-bank-of-america-16000-jobs-2012-9#ixzz2711rvSLa
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