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Canada Goose Jackets A Bank of America canada goose black friday sale logo can be seen in a bank branch in New York April 28, 2009. REUTERS/Lucas JacksonThe layoffs are not nearly as eye popping as the bank job cuts Canada Goose Jackets in areas like retail banking. Wall Street companies have broadly been looking at cutting jobs recently.The bank, the second largest cheap Canada Goose in the United States by assets, is also assigning junior bankers to work with broader groups of companies, the sources said. That move could buy canada goose jacket also lead to more layoffs, the sources said.The changes for canada goose store junior bankers are part of the cost cutting program known as Canada Goose Outlet New BAC, which the bank launched last year, the sources said. The program, named for the bank ticker symbol, is meant to improve profits as a sluggish economy weighs on revenue growth, and new regulations canada goose uk shop boost compliance costs. The bank is also trying to streamline a company that has grown increasingly bloated after decades of acquisitions.The first phase of the program is expected to cut about 30,000 jobs and $5 billion in annual expenses in consumer and technology areas over the Canada Goose Parka next several years. Plans for the second phase, which covers investment banking, sales and trading, commercial banking and wealth management, are expected to be finalized in May.Bank of America declined to comment on its plans for the second phase. In earnings conference calls, executives have said the second phase will produce Canada Goose online shop fewer job cuts and Canada Goose Coats On Sale less savings than the first phase because canada goose uk black friday it covers a smaller and more efficient area of the company.Trimming expenses in the bank institutional businesses is a delicate task because these operations, bulked up by the 2009 Merrill Lynch acquisition, have produced much of the bank profit in recent years.Still, Bank of America and other canada goose clearance sale Wall Street canada goose uk outlet firms have been scaling back after market volumes slowed last year amid concerns about the European debt canada goose clearance crisis. In the first quarter, Bank of America trading revenue and investment banking fees rebounded from a gofind weak fourth quarter but canada goose factory sale were still down from a year ago.on the margin this quarter you feel Canada Goose online better about the overall sales and trading opportunity, (but) it not uk canada goose going to change the rigor and discipline with which we go through the second phase of New BAC, Chief Financial Officer Bruce Thompson said during canada goose coats on sale the bank first quarter earnings call.Bankers in equities, mergers and acquisitions, and sales and trading, where business has slowed, are bracing for job cuts in coming weeks, sources familiar with the matter said. Higher ranking managing directors whose salaries have increased in compensation for reduced bonuses could be targeted in the reductions, sources said.The bank could buy canada goose jacket cheap also trim its workforce further by selling its wealth management units in Asia, Latin America and Europe. Reuters reported on April 17 that Bank of America was looking to sell the operation for as much as $3 billion. The business has fewer than 2,000 employees, according to a source familiar with the situation.At the end of March, Bank of America had about 278,700 employees worldwide.Amid the cost cutting efforts, Bank of America investment banking and capital markets group, which is led by co chief operating officer Tom Montag, has experienced significant upheaval in its upper ranks.Key executives such as European dealmaker Andrea Orcel and corporate and investment banking chairman Michael Rubinoff have departed for other jobs in recent months, leaving few Merrill Canada Goose Online veterans in top positions. uk canada goose outlet Last week, the bank hired Alex Wilmot Sitwell from UBS as president of Europe and emerging markets, excluding Asia.In the first four months of this year, Bank of America Merrill Lynch has dropped in the league tables in some key businesses as total volume shrinks, according to Thomson canada goose coats Reuters canadian goose jacket data. The bank fell to No. 8 in worldwide announced mergers and acquisitions from No. 3 in the same period a year ago, while it slipped to No. 7 from No. 2 in canada goose global equity capital markets deals.In global debt capital markets, it held at No. 5 in the Canada Goose sale rankings, according to Thomson Reuters, while it climbed one spot to No. 1 in global syndicated loans from a year ago.Reporting by Rick Rothacker in Charlotte, North Carolina; Editing by Steve Orlofsky and cheap canada goose uk Phil Berlowitz Canada Goose Jackets.

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