Senior bankers at the company now have the responsibility to make sure that their junior colleagues are not weighed down by ...

The reduction comes weeks after Bank of America let go of staff in its investment banking and global markets divisions ...

Bank of America has eliminated 150 junior banker jobs in its investment bank, two sources familiar with the matter told Reuters on Tuesday. The bank’s latest cuts follow similar exercises at ...

Morgan Stanley, Goldman Sachs and Bank of America are beginning workforce reductions that affect varied parts of their ...

The move follows similar downsizing efforts by Bank of America's competitors. Charlotte-based Bank of America Corp. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division ...

Reuters said they came a few weeks after Bank of America laid off about 1% of its workforce following performance reviews, ...

Charlotte-based Bank of America has laid off 150 investment division workers, sources told Reuters. Most of the junior bankers were offered comparable positions outside of investment banking ...