Some industry insiders have the following rumors to report. Some of this may not be news to you and none of this can be verified, but we thought we would at least give everyone a heads up so if you are in one of these divisions you can take the proper steps to prepare for some (potentially) grim news.
- * On December 8th, may announce further layoffs in Capital Mkts / S&T in the New York office.
- * is planning on having layoffs to and S&T in London before year end
- * The CFO at supposedly isn't too happy about BoA's future plans for the IBD and S&T divisions of the firm. Reportedly, wants very little to do with Merrill's investment banking and S&T divisions and instead plans to focus on Merrill's Asset Managemnt business. What this means for the future of IBD and S&T at Merrill and the timing of it all?...your guess is as good as mine.
Good luck out there,
ps - if you have conflicting information please share it. like I mentioned above, none of these rumors can be verified.