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A Bank of America spokesperson told Bloomberg approximately 40% of its 2023 hires were filled by candidates without four-year college degrees, and that figure has been increasing in recent years.
Nonfarm payrolls increased by 256,000 jobs in December while the unemployment rate dropped to 4.1% from 4.2% in November. ... But Bank of America Securities believes the easing cycle is over ...
Bank of America cut around 16,000 jobs in a quicker fashion by the end of 2012 as revenue continued to decline because of new regulations and a slow economy. This put a plan one year ahead of time to eliminate 30,000 jobs under a cost-cutting program, called Project New BAC. [96]
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Bank of America (NYSE: BAC) Q4 2024 Earnings Call ... Without much change in current GDP or the employment environment, we expect the net charge-off ratio to be in the range of 50 to 60 basis ...
The deal valued the brokerage at $50 billion. Thain was expected to be president of global banking, securities and wealth management, a new division at Bank of America, to oversee its corporate and investment bank and most of wealth management business. [12] Upon joining Merrill Lynch, Thain received a $15 million signing bonus.
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