Bank of America Corp. dismissed Steven Milunovich and two other energy analysts as the lender seeks to trim expenses in its investment bank, two people with knowledge of the moves told Bloomberg's best.
Peter Christiansen and Gilbert Yang also lost jobs in the past week at the Charlotte, North Carolina-based firm, said the people, who requested anonymity because the moves are private.
“The fact that a senior analyst of Steven’s stature was let go confirms to me that Bank of America views cost reduction as a long-term process that won’t end anytime soon…
Read more at http://www.bloomberg.com/news/2012-03-19/bofa-said-to-warn-equities-unit-employees-of-staff-cuts.html
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