Related
Fitch downgrades top banks 
Citi begins more layoffs 
US banks ‘at risk from euro crisis’ 
US housing agency to sue banks 
Capital One buys HSBC cards business Bank of America has announced plans to slash as many as 35,000 jobs over the next three years as it wraps up its takeover of Merrill Lynch. The bank said the move – which is intended to save 5.25 billion euros – is not just because of the merger but also reflects “the weak economic environment.” Currently Bank of America and Merrill Lynch employ 308,000 people the cuts will reduce that workforce by about 11 percent.
More about: Bank of America, Banking, Corporate, USACopyright © 2012 euronews
Top Stories
Syria: 25 killed in Aleppo blast
At least 25 people have been killed following a twin bomb attack in Syria. The violence has now spread to the northern city of Aleppo, the country’s commercial hub, which up until…
Greece govt stuck between protesters and troika
Another wave of protests has erupted in Greece as the government cannot seem to please the people…
Spain steps up jobless fight
Spain’s cabinet has approved further moves to try and reduced unemployment rates that are…
Corporate news
Alcatel-Lucent makes first annual profit- Renault’s low-cost Moroccan factory riles politicians
- Pepsi cuts jobs, boosts marketing chasing Coke
- Southern Europe hanging up on Vodafone
- Some shareholders baulk at Glencore-Xstrata merger
- Upbeat forecast from Toyota
- Gloomy outlook from UBS
- Boeing plays down 787 delamination problem
- Mitsubishi puts the brakes on European production
- Panasonic joins Sony and Sharp in sea of red ink
euronews on facebook
