For fundsters intersted in wirehouse news,
that Bank of America's plans to trim at least 3,500 jobs in the coming months -- up to 10,000 in total -- will include Merrill Lynch
advisors. The number of advisors that will be affected by the cuts is not known.
Last week, a company spokesperson told The MFWire
that: "As part that ongoing work, the company is eliminating approximately 3,500 positions across most of the lines of business this quarter. These are in addition to about 2,500 reductions made so far this year. The company began notifying employees recently."
"The reductions are not part of a companywide initiative (New BAC) announced earlier this year which is focused on driving our customer-oriented strategy and financial results."
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