| Author | Message | ||
     Nippu Side Hero Username: Nippu Post Number: 4156 Registered: 12-2008 Posted From: 69.116.82.194 Rating: N/A |
evadiki teliyadhu swamy enti aneadhi. edo NEW BAC ani start chesaru . danni impact enti anedhi vechi chudali. | ||
| Ashton Hero Username: Ashton Post Number: 12690 Registered: 05-2008 Posted From: 64.20.45.178 Rating: N/A |
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| Ashton Hero Username: Ashton Post Number: 12687 Registered: 05-2008 Posted From: 64.20.45.178 Rating: |
what about this? http://www.reuters.com/article/2011/09/02/us-bankofamerica-i dUSTRE7816RQ20110902 http://www.google.com/hostednews/afp/article/ALeqM5igyAPNHwH VRidFZRuu5_jA4BxNVA?docId=CNG.f314607c33f975a43e3cdc84650d02 4b.ce1 http://www.kansascity.com/2011/09/02/3117145/bank-of-america -layoffs-could.html http://www.nasdaq.com/aspx/stock-market-news-story.aspx?stor yid=201109021904dowjonesdjonline000579&title=bofa-could-cut- 25000-30000-jobs-over-coming-yearsreport | ||
| True_indian Side Hero Username: True_indian Post Number: 7880 Registered: 01-2008 Posted From: 75.176.73.14 Rating: |
ne sollu appu amy brady declared it will be around 10k | ||
| Ashton Hero Username: Ashton Post Number: 12686 Registered: 05-2008 Posted From: 64.20.45.178 Rating: |
http://www.businessinsider.com/bank-of-america-to-layoff-300 00-to-save-itself-2011-9 Bank of America might lay off up to 30,000 people in the coming years, according to a report in the Charlotte Observer. That means it could cut over 10% of its 288,000 employees worldwide, making BofA the bank with the most brutal layoff plans we've heard yet, second only to HSBC's plans to layoff 30,000 of its 300,000 strong workforce. Sources familiar with the firm announced the mass layoffs soon after the FHFA filed a huge lawsuit against Bank of America over $30.85 billion in losses on mortgage securities.* The unfinalized plans are to cut over 10,000 and up to 30,000 employees in the next few years. The reason for them is simple. The massive cuts are partly to make up for what are expected to be huge lawsuit-related losses over the firm's and Countrywide's role in the mortgage crisis. Bank of America bought Countrywide, the country's largest mortgage lender, in 2008. Also, it needs to downsize anyway. JPMorgan is more profitable and has around 38,000 fewer employees. This is just one of many of Bank of America's efforts to cut costs and shore up capital in advance of the 2013 capital requirements mandated by Basel III. *(BofA isn't alone. The FHFA announced similar lawsuits against nearly every one of the U.S. bulge bracket banks, all of which are named here.) |
