“Bank of America plans to cut 16,000 jobs as part of a major restructuring plan by the end of 2012, when it would no longer be the largest US banking employer, the Wall Street Journal reported Thursday.  Most of the cuts are expected to come from the consumer banking division, as the bank plans to close 200 branches, on top of 178 shut down in 2011, the newspaper said, citing an individual familiar with the document.”

http://www.rawstory.com/rs/2012/09/20/restructuring-bank-of-america-to-cut-16000-jobs-report/

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