BofA CEO Moynihan Sees More Job Cuts as Bank Reduces Costs

  • Lender cut more than 10,000 jobs last year as revenue fell
  • Moynihan says 2016 headcount `will be lower than it is now'

Bank of America Corp., the lender that cut more than 10,000 jobs last year, will reduce the number of employees in 2016 as it seeks to lower costs amid declining revenue, Chief Executive Officer Brian Moynihan said.

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