Here is a number for you - After this round of job cuts BAC should have about 284,000 employees Source: http://en.terra.com/news/news/bofa_layoffs_are_the_latest_as_an_industry_shrinks/act399401
Bank losing more than employees.
Customer complaints https://www.consumeraffairs.com/finance/
BofA Faces Another Antitrust Action Over SSA Bonds
Law360, Los Angeles (June 3, 2016, 9:49 PM ET) -- Bank of America NA, Deutsche Bank AG and others were hit Friday with a new proposed antitrust class action in New York federal court alleging traders working for the banks manipulated trades in the $9... — read more
Gwim cfo- anyone know of any targets/timelines?
Several changes announced and would like to know how it will affect 1 level+ below.
GTO Hiring Strategy
Based on the recent announcement of three deep employees, GT&O is making good on their commitment to staff almost exclusively from BACI. At the management level, 57% are Indian. At the 2 down, 48% At the 3 down, 49%. Good for my Indian co-workers... — read more
Bank of America - Massive Layoffs July 2016
Is there any truth in the rumors that BAC is planning massive layoffs for July 2016? It seems that we have Layoffs every month now, so I can certainly predict that there will be more cuts in July, but the question here is if the cuts are going to be... — read more
Is Meola on his way out?
Meola is going to a new organization and his "buddies" are staying behind. Is he being punished or rewarded?
Is 6/7 a layoff day?
What's the word for June? Is tomorrow 6/7 a big cut day? We keep hearing there are going to be huge cuts in month of June. Any word as to when? Will that be toward end of month?
What is status of mywork return to office edict?
Anyone have insight on the status of the my work edict, I haven't heard anything yet at least in my group, I know it was rolling along, but then it was placed on hold.....btw I work in the office.
Charlotte BAC and H1B
Companies in Charlotte are stepping up their efforts to hire foreign workers – especially for information technology jobs – under a federal visa program that’s becoming a political flashpoint. The H-1B visa lets companies bring foreign workers to the... — read more
Jamie Dimon just sounded the alarm on auto loans. JPMorgan Chase CEO says "someone is going to get hurt" as financing for autos has flourished
Might he be sounding that alarm for bank of america's new ambitious push to autos. Couldn't be. BAC only underwrite autos for an 800 FICO, right?
Branch closings
Bank of America closing Newfane branch = The Buffalo News Bank of America to close Sebring Southgate branch = http://www.highlandstoday.com/hi/news/bank-of-america-to-close-sebring-southgate-branch-20160531/ Bank of America to close Albany branch -... — read more
Cathy Bessant and fintech.
"Our whole strategy is to have you be able to carry everything we do in a financial center on your mobile phone." http://upstart.bizjournals.com/companies/innovation/2016/06/02/bank-of-americas-cathy-bessant-expects-fintech-to.html
Well the Beach St. move has hit the press...check it out
http://www.star-telegram.com/news/business/article80149172.html
BofA layoffs are the latest as an industry shrinks
This just came out today... http://en.terra.com/news/news/bofa_layoffs_are_the_latest_as_an_industry_shrinks/act399401 Bank of America Corp. is cutting 3,500 jobs, the latest sign that the banking industry is becoming smaller, simpler and less... — read more
Submitting a SIM idea is stupid
It's funny to me that the managers are asking employees to submit ideas to streamline their jobs. I wish employees would realize when you submit a SIM idea you're basically SIMing your job offshore. Every time you hear the word automation means... — read more
Laid off employee who are invested on 401k BAC stock.
Do not withdraw your money on this account. The stock price is being held this low so your BAC share can be bought by the bank dirt cheap when you cash in. Think about it. As a matter of fact, load up on BAC. It's hard to stomach buying more shares... — read more
This is funny, wish this would happen to the rest of the douch bags at Merrill lynch
And you all wonder why BAC is being run down, look to the ML douch bags running this company http://nypost.com/2016/05/23/man-jumps-to-his-death-after-taking-magic-mushrooms/
Interesting info regarding WARN notices
An employer also must give notice if the number of employment losses which occur during a 30-day period fails to meet the threshold requirements of a plant closing or mass layoff, but the number of employment losses for 2 or more groups of workers... — read more
Greensboro
They are closing the site, more empty seats than employees, parking lot more than half empty, 1/4 of the building is already closed down. You must be waiting for that package huh for confirmation?
No Fool This Guy
http://www.fool.com/investing/general/2016/05/19/bank-of-americas-7-billion-question.aspx This fool.com "analyst", whatever, just a guy who write blogs, seems to know more about BAC than Brian Moynahan. Hey BM - get a clue. Even this guy knows you... — read more
'Bro Club' Lawsuit Alleges Rampant Trading Abuses At Bank Of America
http://www.forbes.com/sites/antoinegara/2016/05/19/bro-club-lawsuit-alleges-rampant-trading-abuses-at-bank-of-america/#7b27c3e8749d
Beach in Fort Worth
It's official the beach site will be closing and the remaining folks will be moving to Amon Carter in July no specific date given.
FLSA,- I haven't taken a lunch in a year...sound familiar? I have coworkers that work 24/7 in fear of losing a job...
Ready to take my life back and maybe give it back to my family...tired of senseless fire drills and working weekends...tired of giving up my life for BAC cash
Any re-org updates?
Anyone know anything for any groups?
60 contractors will be hired in Addison by the next month
And they will be CRMs.They will get paid $26/hour.Of course they wont have the vacation,sick time and benefits pay.Talking about cutting corners.Once the collection call crisis is over,they will be let go,like the ones before.Its hell here in... — read more
While you're waiting on your folder, why not read up on the exec's company stock sales?
http://www.marketwatch.com/investing/stock/BAC/insideractions
GT&O Layoffs
It looks like Charlotte TV stations incorrectly interpreted the story from the Observer, which noted staff reductions that had already been announced (rather than notifications to come).
GT&O Layoffs next week
Charlotte 10pm WSOCTV news announced layoffs next week for GT&O.
Hillsboro Loan Center Closing - Date?
Hey all, I work at the B of A Centralized Sales Home Loans center in Hillsboro, OR and it has been pretty obvious for a while now that the site will be closed down. Loan officers in other sites have reached out to people here to let them know, we are... — read more
Ditch Merrill Lynch!
The question continues to be asked, so the answer seems need answered, and that in the positive, why does BAC continue this ill advised relationship crafted in crisis only, the taking over of Merrill Lynch? Has it ever helped in the BAC bottom line?... — read more
On the North Carolina HB2 bill and answering the question, "Are we done?" see the link ...
http://www.cnbc.com/2016/05/12/bank-of-americas-not-giving-up-hb2-fight-ceo.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=103631358