Bank of America Cuts 3,500 Jobs, Streamlines Credit Card Business - Christian Post

Moynihan also told his staff that there will likely be thousands more job cuts to come as part of a cost-saving effort dubbed Project New BAC, WSJ reported. Moynihan also said the bank could cut as much as $1.5 billion in quarterly expenses before too long ... http://tinyurl.com/3ruqg3k