Bank Of America News Layoffs 2024 Layoffs. Collectively, the big wall street banks cut at least 30,000 staff in 2023. Industry executives acknowledged the challenges in navigating the changing.

Jpmorgan chase, bank of america and citigroup all saw profits drop in q4 thanks to higher interest rates and increased costs the fall of silicon valley bank. Bank of america on tuesday announced job cuts of around 20 bankers in asia, three sources with knowledge of the matter said, as plunging markets in china and hong kong.