Report: Bank of America to speed job cuts - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Report: Bank of America to speed job cuts

Posted: Updated:
File photo (MGN) File photo (MGN)

NEW YORK (AP) - A published report says Bank of America is accelerating a cost-cutting plan and aims to eliminate 16,000 jobs by the end of the year.

The cuts are part of a previously announced plan by the bank to cut 30,000 jobs.

The Wall Street Journal cites a document given to top management at the bank. The newspaper says the cuts will mean fewer Bank of America branches and a smaller mortgage operation.

A bank spokesman declined comment on the Journal report Thursday.

Most Popular

Stories
Videos
loading...

  • Lowcountry Live! Team

  • Her broadcasting career spans 22 years with stops in Greenville, SC, Nashville, TN, where she also earned a spot as a cheerleader for the NFL's Tennessee Titans, and Providence, RI.
    Her broadcasting career spans 22 years with stops in Greenville, SC, Nashville, TN, where she also earned a spot as a cheerleader for the NFL's Tennessee Titans, and Providence, RI.

  • In his free time, Jon enjoys strolling the historic streets of Charleston, finding new restaurants, spending time at the beach, and rooting for his hometown Red Sox.
    Jon can be seen weekday mornings as a co-anchor of Good Morning Charleston and Lowcountry Live.

  • Tom Crawford is a member of the Meteorological Society. He has been awarded the Seal of Approval from the American Meteorological Society and has been recognized as SC's Best Weathercaster by the AP.
    Tom Crawford is a member of the Meteorological Society. Tom has been awarded the Seal of Approval from the American Meteorological Society and has been recognized as South Carolina's Best Weathercaster by the Associated Press.
    •   
Home Local News Lowcountry Live! Weather Sports Video 4 More Community Calendar Credit Application and Advertising Terms and Conditions
About Us Employment Contact WCIV Advertising Closed Captioning EEO/Children's Reports FCC Public File
Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WCIV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.