Bank Of Americas Losses

The U.S economy is still on a slow path and due to this Bank of America has suffered huge losses lawsuits and mortgage related businesses and its market shares have gone down 47% so far this year. So Bank of America is also following other financial firms to cut 3,500 jobs in the present quarter which is termed as a drastic turn around effort by its Chief Executive Brian Moynihan and the Bank is further expected to conduct its second phase of job cuts in October this year.

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Bank of America Set to Slice Jobs