Here's Who's Hiring and Firing on Wall Street
The ax keeps falling on Wall Street.
The six largest U.S. banks, under pressure to keep a lid on expenses, cut 20,065 jobs in the third quarter, according to data posted on the firms' websites. They employed a total of 1.05 million people as of Sept. 30, down from 1.07 million a year earlier.
Bank of America Corp. made the deepest cuts, eliminating 14,345 positions, or 6.3 percent of its full-time workforce, to end the period with almost 215,200 employees. Goldman Sachs Group Inc. increased its full-time payroll by 3,400, or 10.2 percent.