By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters. The cuts affected junior bankers, including analysts and associates, the three sources said. The employees […]
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Exclusive-Bank of America eliminates some investment banking roles, including in New York
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By Svea Herbst-Bayliss and Saeed Azhar
NEW YORK (Reuters) – Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters.
The cuts affected junior bankers, including analysts and associates, the three sources said. The employees could be redeployed in comparable positions elsewhere in the company, one of the sources said.
(Reporting by Svea Herbst-Bayliss and Saeed Azhar in New York, editing by Lananh Nguyen)