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Bank of America Cuts 14600 Employees in 2012 to Reduce Costs
Posted to: Around The Web
Thursday, January 17, 2013 3:39 AM

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Bank of America Cuts 14600 Employees in 2012 to Reduce Costs Bloomberg Bank of America Corp., the lender planning to cut $8 billion of expenses to improve profitability, reduced its staff by 14,601 employees last year. The cuts, including about 5,400 in the fourth quarter, represented 5 percent of the bank's workforce, which totals ...

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Mortgage Rates:
  • 30 Yr FRM 3.68%
  • |
  • 15 Yr FRM 2.84%
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  • Jumbo 30 Year Fixed 3.78%
MBS Prices:
  • 30YR FNMA 4.5 107-07 (0-06)
  • |
  • 30YR FNMA 5.0 108-01 (0-05)
  • |
  • 30YR FNMA 5.5 108-14 (0-01)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
  • |
  • Mortgage Apps 1.81%
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  • Refinance Index 2.80%
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