Are you in a senior management position and highly qualified in your own field of work?
We need you in Xiamen, China. CALL us!
Job News
Home > News > Bank of America to cut more jobs
Bank of America to cut more jobs
Updated:2008-01-18
Bank of America is cutting an additional 650 jobs in global investment banking and global markets, selling equity prime brokerage due to the write-downs in its mortgage related businesses.
The bank said in a statement Tuesday it is resizing the international platform to "emphasize core strengths in debt, cash management, and trading, including rates and foreign exchange."
The bank also said it will sell its equity prime brokerage business to a buyer "with a proven ability and commitment to continue serving our clients' prime brokerage needs."
In the third quarter Bank of America reported a 93 percent plunge in its investment banking profits and said it would cut 3,000 jobs across the company, 500 from the global corporate and investment bank.
SOURCE: Xinhuanet
Editorial Message
This article contains materials from a clearly stated media sources. It is for the purpose of discussion stimulation and content enrichment among our members only.
Jobsearchchina.org does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@jobsearchchina.org
Previous News: British job market outlook bleak in 2008
Next News: China, UK launch business program
Other news you maybe interested
- Debt ,bank Troubles influence U.S. jobs growth 12 Jul 10
- Even in recession, top talent is a scarce resource 07 Jul 10
- NY stock market affected by bleak Jobs market report, Dow falls below 10k 08 Jun 10
- Job market for Grads Dismal ,But Not As Bad As Last Year 25 May 10
- NZ employment agency asks Napier girl Natalie Meehan to 'dumb down' CV 06 May 10
- Asia, a better place for job hunting in 2010 09 Jan 10
Most popular news
- NY stock market affected by bleak Jobs market report, Dow falls below 10k 08 Jun 10
- Accounting firms dangle carrots to lure new college graduates 18 Feb 08
- Job market for Grads Dismal ,But Not As Bad As Last Year 25 May 10
- Job market blues in South Korea 19 Feb 08
- NZ employment agency asks Napier girl Natalie Meehan to 'dumb down' CV 06 May 10
- Asia, a better place for job hunting in 2010 09 Jan 10
