BofA Said to Cut Dozens of Traders, Bankers as Revenue DropsBy
Allison Ferreira, Frank Laino said to be among the departures
CEO Moynihan said this month that trading revenue was down
Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after Chief Executive Officer Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to two people with knowledge of the plans.
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