Bank of America Layoffs
Bank of America layoffs, I guess not even Bank of America is exempt from the financial hardship the Countries lenders have been suffering since the mortgage housing crash. The Bank of America layoffs come amid layoffs from almost every major lender in the United States.
Bank of America had just invested in Country Wide less than a month ago and now may be regretting that investment considering this Bank of America layoffs.
The Bank of America layoffs announcement followed a third quarter in which Bank of America investment unit’s profit dropped 93 percent.
Bank of America layoffs was a setback for Kenneth Lewis, Bank of America’s chairman and chief executive he had said last week that the company’s performance was “not acceptable” and announced a strategic review of its investment banking operations this seems to have included the Bank of America layoffs.
The Bank of America layoffs should serve notice to all that things are not right, this Bank of America layoffs leaves 3000 American families jobless and thus increasing the problem in the economy.
The Bank of America layoffs should also be a meter of how bad the investment sector is right now take the Bank of America layoffs with the horrible Friday the stock market had and we should all be worried.
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Nov 29, 2007 - 12:11:42B of A is probably the worst bank in America. IMAO