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By Marlene Y. Satter, AdvisorOne |
October 25, 2012
It will cut additional jobs and possibly sell off its ETF business, seeking to make up for a drop in profits of 63%.
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By Marlene Y. Satter, AdvisorOne |
October 9, 2012
The bank seeks to reduce its workforce by 15%–18%, now that it has a combined staff of some 5,700 in the wake of its acquisition of Bank of America-Merrill Lynch’s former U.S. wealth management units.
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By Marlene Y. Satter, AdvisorOne |
August 13, 2012
Neither analysts nor investors appeared enthusiastic about the move.