Says Bloomberg: The bank just fired 13 investment bankers from its industrial group. Those cuts are not actually part of its New BAC project, and they amount to 5% of the group.
We wonder how much this is about cost-cutting at BofA, and how much of this is a reflection on the prospects for the industrials banking business. Bad sign either way.
Read more: http://www.businessinsider.com/bank-of-america-just-fired-5-of-its-industrials-group-2011-9#ixzz1YX8i6xLC
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