Bank of America Corp. continues to reduce headcount in the consumer bank, with its top retail executive saying it will slice up to 8,000 jobs over a period of time. It’s an ongoing trend for the bank as fewer transactions are done in branches and more customers use mobile banking. Thong Nguyen, president of retail banking and co-head of consumer banking, talked about this business shift at the Morgan Stanley Financials Conference Tuesday. Nguyen said the consumer bank is just over half of Bank…
from http://www.bizjournals.com/baltimore/news/2016/06/15/bank-of-america-exec-says-consumer-bank-will-cut.html?ana=RSS%26s=article_search
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