Rival Goldman Sachs has brought forward its annual performance review process and plans to trim its staffing by 3% to 5%.

Bank of America has eliminated 150 junior banker jobs in its investment bank, two sources familiar with the matter told ...

Charlotte-based BofA previously relied on a rotating chief resource officer to manage junior bankers’ workloads and career ...

The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations ...

Bank of America has made another new change to increase oversight of the working conditions of junior bankers, according to a ...

Charlotte-based Bank of America Corp. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division, ...