Bank of America to cut 2100 jobs as loan demand weakens - CNBC.com

Bank Loan – Новини Google Новини Google // via fulltextrssfeed.com

The Best Way to Manage your Money. Start using Mint today to set a budget, track your goals and do more with your money. From our sponsors

Bank of America to cut 2100 jobs as loan demand weakens - CNBC.com Sep 9th 2013, 21:04 Scott Eelis | Bloomberg | Getty Images Bank of America plans to eliminate nearly 2,100 jobs and close 16 mortgage offices due to weak loan demand, Bloomberg reported Monday. Sources with direct knowledge of the plans said 1,500 of the employees process home loans and about 200 deal with overdue mortgages. The changes "reflect our ongoing efforts to streamline our facilities and align our cost structure with market realities," BofA spokesman Terry Francisco said. BofA, the second-largest U.S. lender, staff totaled more than 257,000 at mid-year. The reductions are expected to be completed by the end of October, Bloomberg reported. Click here to read the full story on Bloomberg. Bank of America plans to eliminate nearly 2,100 jobs and close 16 mortgage offices due to weak loan demand, Bloomberg reported Monday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions