Bank Of America News Layoffs 2024 News. Jpmorgan chase, bank of america, and citigroup all saw profits drop in q4 thanks to higher interest rates and increased costs the fall of silicon valley bank. Bank of america is finally taking a hatchet to its investment jobs as it follows morgan stanley and goldman sachs layoffs.
Is planning to cut jobs in its investment bank, one of the last major holdouts to bow to expense pressures that have left no one immune. After announcing its fourth quarter results last week, bank of america is due to announce its bonuses next week.