Bank of America Fires 13 Investment Bankers To Save $5 Billion

Quick on the heels of Bank Of America’s decision to layoff 30,00 employees, thirteen investment bankers will suffer the same fate as part of the company’s payroll overhaul, labeled Project New BAC. The dollar effect will exceed five billion dollars in savings from the cut backs, helping to revive Bank of America and place it on track for their phase two layoffs and plan.

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Unlucky 13 Added to BofA Hit List

Bank of America Fires 13 Investment Bankers To Save $5 Billion by Harrison Barnes