All Posts Tagged Tag: ‘Banking industry’

Bank of America to Cut 16,000 Jobs by Year’s End

Bank of America will be speeding up its cost-cutting measures and will lay off 16,000 employees by the end of the year. The Wall Street Journal has obtained a “document given to top management” of the bank and is reporting that the layoffs are part of cost-cutting measures that will make the company “a leaner and more focused enterprise. The …

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America: Banking Bailout Bad, Auto Industry Good!

A new Harris Poll released today has found that America’s perceptions on the automotive industry bailout of 2009, and the bank and insurance bailout of 2008, have changed in the over three years since the events. Surprisingly, a majority of tax payers now support the bailout of the auto industry, namely GM and Chrysler. The insurance and banking industries did …

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