The reduction comes weeks after Bank of America let go of staff in its investment banking and global markets divisions ...
The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations ...
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Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division. Nomura is reportedly setting up a fourth ...
Charlotte-based Bank of America Corp. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division, ...
RBC restructured its personal and commercial banking divisions into standalone segments last July, following the HSBC acquisition. This change also involved a reorganisation of senior leadership.