Wealth and Asset Management
Merrill Lynch Shuts Brazil Private-Banking Unit, Firing 40
Bank of America Corp., the lender that plans to cut at least 30,000 jobs to control expenses, closed its Merrill Lynch private-banking operation in Brazil and dismissed about 40 people. “This was not an easy decision, but necessary given our goal to maximize shareholder return” Selena Morris, a spokeswoman for…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Business Week