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BofA Cutback May Hit 40,000
Posted to: Mortgage and Real Estate Video News
Friday, September 09, 2011 11:25 AM

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[Image or graph removed from email. View full article with images]Bank of America Chief Executive, Brian Moynihan, is considering a restructuring plan that could result in pink slips for roughly 40,000 employees. The move would be an attempt to try and bolster profits amid concerns about Bank of America's exposure to the slowing U.S. economy and a slew of mortgage-related losses and lawsuits. Paul Vigna discusses the plan with WSJ's Dan Fitzpatrick on The Markets Hub.

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