Here's a look at what's news in banking and finance this morning:
- Bank of America is touting its increased lending to small businesses, the LA Times reports.
- Forbes says the layoffs starting at Bank of America and other big banks are "more serious than you think."
- Business Insider has a piece about a monk who left BofA to advise Occupy Wall Street.
- How does a loan lose all of its value and more? The New York Times lays out how a Bank of America commercial mortgage-backed security did just that.
- Reuters explores the cultural gap between Wall Street and the Occupy protestors.
When you hear about layoffs at Bank of America, what do you think? Are you glad the bank is slimming down, sad about people losing their jobs -- or some of both?
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3 comments:
I think I miss Rick Rothacker the most.
Here's a story for you Bank Watch folks. Why not check out how many people were laid off in Charlotte between 2008 and 2010 and how many resources in India and other countries were hired.
nice high-school-esque article here.
it needs a like button by the questions at the end, haha.
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