CHARLOTTE, N.C. — Before the end of the week Bank of America is expected to announce it will cut more than 200 employees, according to The Wall Street Journal, which reports the layoffs are expected in the bank's global banking and markets units.
The Journal said it is not unusual for investment banks to cut jobs at this time of the year before the bonus season begins.
The report comes after Bank of America CEO Brian Moynihan said revenue could fall up to 6 percent in the third quarter.
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