Charles Expects Further Job Cuts at Bank of America
395 views · Published 19 August 2011 · 7:08 · Indexed 23 September 2026
Channel: Bloomberg Originals · 2011 · Entertainment
Aug. 19 (Bloomberg) -- Brian Charles, an analyst at RW Pressprich & Co., and William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World" and a Bloomberg Television contributing editor, talk about the outlook for Bank of America Corp.
The biggest U.S. lender by assets will eliminate about 3,500 jobs this quarter amid a "challenging time" for the firm and its investors, says Chief Executive Officer Brian T. Moynihan. Charles and Cohan speak with Carol Massar and Matt Miller on Bloomberg Television's "Street Talk." (Source: Bloomberg)
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