Regional Bank in Ohio to Trim 900 Jobs
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The National City Corporation said it was cutting its dividend by nearly half and shutting its wholesale mortgage division.
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Bank of America Corp. confirmed yesterday it will locate its wealth management division in Boston and said it will move about 100 high-level jobs here.
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Bank of America Corp. said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Commerzbank AG said Tuesday it had narrowed its third-quarter net loss but was slashing 900 of the 1,275 jobs in its investment banking division, practically eliminating the unprofitable department.
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Office Depot plans to cut 900 jobs as it consolidates operations at eight call centers and offices in six states. In a filing with the Securities and Exchange Commission, Office
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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Succumbing to the heavy financial and competitive pressures buffeting the airline industry, Alaska Air Group yesterday announced it will cut 900 jobs, eliminating about 8 percent of its work force.
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Credit Suisse First Boston, the securities arm of Switzerland s second-biggest bank, plans to cut costs by combining some units and eliminating jobs, people familiar with the matter said.
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HSBC is to open 90 out of its 1500 branches on Tuesday, but unions warn that they will not allow staff to be compelled to give up their bank holiday.
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Bank of America Corp. will make further cuts to its work force, eliminating another 4,500 positionsâor 2.5 percent of its employee baseâduring the next six months.
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Bank of America Corp. said Thursday it will cut an additional 4,500 jobs, or 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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Bank of America Corp., which operates 25 branches in the Houston area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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First Horizon National Corp , the largest bank in Tennessee, said on Wednesday that it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.
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_ Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company&#39;s shift from traditional film production to digital photography.
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About 1,000 employees at Fleet branches across the Northeast got the ax yesterday - and thousands more job cuts are on the way as new owner Bank of America Corp. aims to hit its goal of reducing total employment by 12,500.
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Bank of America said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.