The bank is cutting about 8 percent of the 13,000 jobs in its mortgage division, with most of the cuts - about 760 - taking place in Las Vegas.Banks including Wells Fargo & Co, JPMorgan Chase & Co and Bank of America have announced thousands of layoffs in their home lending units in recent weeks.
#Mortgage#Citibank#Bank of America Merrill Lynch#Bank of America#Jobcuts
Conflict over the liability of Bank of America’s Countrywide Financial and Merrill Lynch units have stalled the talks. The bank also reported a 43 percent drop in quarterly profit... #Bank of America#Merrill Lynch
Bank of America illegally copied US$300 million worth of Tibco’s enterprise software for use in a massive IT project at its Merrill Lynch subsidiary, Tibco alleges in a lawsuit. The bank stockpiled large quantities of Tibco software while it was stil... #California#Merrill Lynch#Bank of America