Bank of America to cut Asia investment banking jobs

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Published on Sep 27, 2016 11:09 AM IST
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ByReuters

NEW YORK: Bank of America is set to cut around two dozen investment banking jobs in Asia, including some top dealmakers, sources said, as a slowdown forces western banks to cut costs. This comes after Goldman Sachs on Friday said it was planning to cut 30% of its 300 investment banking jobs in Asia outside Japan due to a fall in activity.

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