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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%