Bank Of America To Cut 30,000 Jobs, Trim Expenses | WAMU 88.5 - American University Radio

Bank Of America To Cut 30,000 Jobs, Trim Expenses

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Bank of America says it will eliminate 30,000 jobs over the next few years. Officials say the cuts could save the bank as much as $5 billion. The Charlotte-based bank is trimming costs to deal with mortgage losses, mounting lawsuits and a stock price that has shed half its value in just 12 months.
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