: Bank of America planning layoffs for investment bankers: report


Bank of America Corp. is reportedly planning to lay off up to 200 investment bankers globally, Bloomberg News reported on Thursday, citing sources. Those cuts are expected to begin in coming weeks, though the moves were still being discussed, the source said. Layoffs have rippled across Wall Street, with Goldman Sachs and Morgan Stanley among those that have made hefty staffing cuts after last year’s tough market conditions hampered investment banking revenues. A Bank of America spokesperson could not immediately be reached for comment.

This article was originally published by Marketwatch.com. Read the original article here.

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