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
As I discussed last Thursday, the AAII “bullish percentage jumped from 30.89% to 39.81% last week, while the number of bears dropped sharply from 38.23% to 26.96%.” I pointed out that “the reversal in sentiment is consistent with a rebound in a downt... #Merrill Lynch#Wall Street#Wall Street Journal
The Payne & Mencias Group at Merrill Lynch, a wealth management and financial advisory firm, is not only a professional success, it also supports dozens of charities. There’s plenty of room for the good guys in the financial services industry – as fo... #Merrill Lynch#Wall Street#Wall Street Journal