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Bank of America to cut from elite ranks

Source: The Wall Street Journal

 May 02. 2012 7:00AM - Last modified: May 02. 2012 7:55AM

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Bank of America is planning about 2,000 staff cuts in its investment banking, commercial banking and non-U.S. wealth-management units, said people familiar with the situation. Those operations were vastly expanded with Bank of America's 2009 purchase of Merrill Lynch & Co.


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