BofA planning more job cuts: WSJ

Bank of America Corp is planning to cut up to 400 jobs in its investment banking, corporate banking, and sales and trading units, the Wall Street Journal reported, citing people familiar with the situation. ...

HSBC Holdings Plc, Europe’s largest bank, will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional US$3-billion of costs as he tries to revive profitability. The bank expects to reduce the number of employees to as few as 240,000 over the next three years, Gulliver told reporters on a conference call Wednesday as he updated investors on his strategy for the London-based lender. HSBC had already announced plans to reduce headcount to about 254,000.

(Reuters) - Barclays Plc plans to cut

(Reuters) - Citigroup Inc is on track to cut 300 sales and trading jobs globa

(Reuters) - Morgan Stanley's deputy head of investment banking, Ji-Yeun Lee, has left the firm in recent weeks, the Wall Street Journal reported, citing people familiar with the company. Lee was a key lieutenant to Paul Taubman, who previously co-headed the company's investment bank. Taubman stepped down late last year and his long-time rival Colm Kelleher took full control of the unit. Lee declined to comment to the Journal on her future plans. (http://link.reuters. ...

(Reuters) - Bank of America Corp is speeding up plan

(Reuters) - The board of JPMorgan Chase & Co is expected to make changes to its risk-policy committee after the bank's trading losses of more than $2 billion, The Wall Street Journal reported on Friday, citing anonymous sources. The board is expected to add either Timothy Flynn or James Bell to the committee, the Journal said. Flynn and Bell have backgrounds in risk and finance, the report said. It was not clear whether any of the current members of the committee would leave it, the Journal said. A JPMorgan spokesman declined to comment on the report. ...