Bank of America Said to Fire at Least 15 Senior Asia Bankers
- Bank of America said to cut 3 managing directors, 12 directors
- Wang Bing, Patrick Steinemann among senior bankers leaving
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Bank of America Corp. fired at least 15 senior bankers at its investment-banking unit in Asia this week as it pares jobs globally, according to people with knowledge of the matter.
Among those let go by the Charlotte, North Carolina-based bank were three managing directors and 12 directors, the people said, asking not to be identified discussing confidential information. Bank of America also eliminated junior positions and back-office jobs, they said without providing details on those cuts.