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Bank of America stops wholesale lending

Bank of America published yesterday it will exit offering its consumer home mortgages through brokers by the end of 2007.

Result are Bank of America job cuts and lay offs of 700 jobs.

Just on Wednesday the U.S. bank announced cuts of 3000 jobs due to a poor quarter in investment banking.

There was 32% drop in quarterly profits.

Bank of America ist ein Unternehmen aus dem Sektor Banken und stammt aus USA. Die Bank of America-Aktie hat auf Jahressicht 40,5% an Wert gewonnen (6-Monats-Performance: +21,4%) und notiert News zur BANK OF AMERICA AKTIE und aktueller Realtime-Aktienkurs Preview: Bank of America's Q4 Earnings ‎ conveniently and securely with the ® Mobile ing app for U.S.-based accounts. Manage Your Accounts and Finances • Review activity and balances in checking, savings and credit card accounts • View Tags: bank, america, mobile, banking, Bank of America | Online Forgot Online ID & Passcode Use your Tax ID Number to reset your Small Business Passcode. Use your Social Security Number to reset your passcode if you are a Sole Proprietor without a Tax

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