Bank of America Investment Bank
Bank of America Investment bank are already looking for jobs elsewhere in recent times, according to Bloomberg.
It 'a wise man. The company is running a large structural development process, involving up to 40,000 layoffs in the years to come.
Many of them are directed at the Bank of America Investment bank unit. Some of those who started this week, September 8.
More likely to follow. The second phase of the new project BAC, which includes measures to reduce costs, the company re-org, and Bank of America Investment bank will do for the kids, among other things, will begin next month. At that point, "addresses corporate and investment banking led Montag," according to Reuters. For us it means a lot of things I do not know yet, but will almost certainly be more layoffs.
Even before the confirmation of layoffs to come, who came in early September for employees of investment banks had BOFA BOFA concern.
How long could employees? The value of their stock options cut in two, many are not.
According to Bloomberg:
[Bank of America Investment bank Hotshot] gaped over 14 restricted stock units granted in 2010 and early 2011 that the paper had lost half their value. They started to flip through the smartphones for contact potential alternative employers.
Changed jobs, even for those who still believe in the company -
Leaders cut the leaves to speed up the office and calm businessmen in value.
Why so scared? Bank of America Investment bank says it has $ 400 billion in cash and investments and $ 2.3 billion in assets, according to Bloomberg.
Here's why. According to Bloomberg:
4.1 million loans nationwide are 90 days or more past due or in foreclosure, crime rates are twice their historical norm, foreclosure rates are eight times higher than the historical average.
Bank of America Investment bank and owns or services every five mortgages in the U.S.
The question on everyone's mind was, can survive the mortgage liabilities of Bank of America? But instead of a reply, said that the titles of Bank of America Investment bank should declare bankruptcy, JPMorgan has been the acquisition of Bank of America, and other rumors, demonstrating the need and the absence of a clear message out of Bank of America Investment bank.