Thread regarding Bank of America layoffs

"Chief Operating Officer Thomas Montag is increasing pressure on deputies to lower expenses across his trading and investment banking world...

.... according to people with knowledge of the initiative. While managers have latitude on how to trim the equivalent of a few percentage points off their budgets, the effort probably will lead to job cuts in March, said the people, who asked not to be identified discussing personnel matters…"

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| 1881 views | | 3 replies (last March 17, 2016) | Reply
Post ID: @OP+GrUiIYj

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Cathy Bessant does not report to Montag

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Post ID: @1eew+GrUiIYj

There is so much excess in IB that they could make a killing, just on the savings! There is so much duplication all round ...

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Post ID: @hwo+GrUiIYj

First he should fire Cathy Bessant and David Reilly. Pure dead weight.

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Post ID: @umz+GrUiIYj

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