Layoffs At Bank Of America 2024

Layoffs At Bank Of America 2024. Goldman sachs and morgan stanley have cut workers ahead of a possible economic downturn, but bank of america ceo brian moynihan and his cfo have said they. Jpmorgan chase, bank of america, and citigroup all saw profits drop in q4 thanks to higher interest rates and increased costs the fall of silicon valley bank.

Bank of america has started a round of job cuts within its investment bank, as wall street banks cut back on dealmakers amid declining fees. Is planning to cut jobs in its investment bank, one of the last major holdouts to bow to expense pressures that have left no one immune.