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Image by Getty Images via DaylifeFT.com / Companies / By region - BofA set for further jobs cuts: "BofA set for further jobs cuts

By Greg Farrell in New York
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Published: January 19 2009 23:44 | Last updated: January 19 2009 23:44

Bank of America is expected to make several thousand employees in its capital markets businesses redundant, starting this week, according to executives familiar with the matter.

The cuts, most of which are expected to be in New York, come three weeks after BofA acquired Merrill Lynch. They reflect the consolidation of the bank’s sales and trading businesses under the control of Tom Montag, who joined Merrill last year from Goldman Sachs."

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