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BofA Said to Dismiss 13 Investment Bankers in Industrials

Bank of America Corp., the biggest U.S. lender, dismissed 13 investment bankers in its industrials group, including managing directors David Iwan and Egan Antill, said two people with direct knowledge of the actions.

Iwan and Antill departed this month during a round of 3,500 reductions throughout the Charlotte, North Carolina-based company, said the people, who declined to be named because personnel matters aren’t public. The cuts amount to about 5 percent of jobs in the group, one person said.