Investing.com -- Bank of America has reportedly let go of 16 bankers in Hong Kong, as part of a wider global reduction of its investment banking personnel, according to Reuters, citing two sources ...

Bank of America cuts 16 Hong Kong bankers amid global workforce reduction - Reuters ...

Bank of America has raised its national minimum wage to $24 an hour, bringing the minimum annualized salary to $50,000, according to a statement released today. That’s $20,000 more than ...

The reduction, an annual exercise, comes weeks after Bank of America let go of staff in its ... The cuts represented 1% of the workforce for those businesses and included managing directors ...

Workforce reductions are expected to accelerate globally over the next several months, Reuters reported, due to a “dampened” outlook for investment banking. Bank of America, the second largest ...