September 3, 2011 7:52 PM

Bank of America could cut as many as 30,000 jobs

As they work to complete the first phase of a major efficiency program, Bank of America Corp. executives are discussing plans that could slash the companywide workforce by as many as 25,000 to 30,000 jobs, sources familiar with the matter said. Bank of America has more employees than any large U.S. bank.

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