CHARLOTTE (dpa-AFX) - Bank of America Corp. (BAC) plans to eliminate about a dozen senior positions at its corporate and investment banking operations in Asia, the second time the U.S. bank cuts jobs in the region this year, according to reports citing people with the matter.
The reductions by the bank will involve managing directors and directors and will be spread across the region. The cuts could start as early as Wednesday, the reports said.
Goldman Sachs Group Inc. plans to eliminate about a quarter of positions at its investment bank in Asia outside Japan, reports said last week.
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