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Bank of America, ranked second by assets among U.S. lenders, still has about 8,000 more employees than JPMorgan Chase & Co., the largest U.S. bank. The reductions in the fourth quarter outpaced the trend Moynihan laid out in October.

Photographer: David Paul Morris/Bloomberg

Bank of America, ranked second by assets among U.S. lenders, still has about 8,000 more employees than JPMorgan Chase & Co., the largest U.S. bank. The reductions in the fourth quarter outpaced the trend Moynihan laid out in October.
January 17, 2013
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Bank of America Cuts 14,600 Employees in 2012 to Reduce Costs
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