BofA Steps Up Staff Cuts

Bank of America is stepping up its plan to reduce its workforce by 30,000 by the end of 2013, eliminating some 16,000 positions by the end of this year.

  • 20 Sep 2012

Bank of America is stepping up its plan to reduce its workforce by 30,000 by the end of 2013, eliminating some 16,000 positions by the end of this year. The reduction will make Wells Fargo the U.S. bank with the largest staff.

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1 Societe Generale 15.35
2 Rabobank 14.41
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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%