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Mortgage slump causes Bank of America to cut 2,100 jobs

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Staff Baltimore Business Journal Bank of America Corp. will eliminate about 2,100 jobs and close 16 mortgage offices because of weakening loan demand brought about by rising interest rates, Bloomberg reported. Affected employees were notified at the end of August; however the scope of the plans was not publicly known until now. The reductions are scheduled to be completed by Oct. 31. Read More at Bloomberg Related links: Economic Snapshot Industries: Human Resources < Older posts Newer posts > Comments If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box...

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