Investment banker Rubinoff leaving Bank of America

By Rick Rothacker (Reuters) - Ba

The Prudent Investor submits: Is China getting ready to tighten credit? In a most pragmatic move 3 rather hawkish economists have been added to the monetary policy committee of the People's Bank of China (PBOC), according to a report on chinadaily on Wednesday.

Bank of America (BoA) has unveiled the latest phase of its remake under the New BAC banner, having already delayered top management and embarked on the sale of non-core business units and assets. Over the next few years, the group expects 30,000 job losses from areas of the business now under review, with attrition and the elimination of certain unfilled roles helping the headcount reduction along. The cuts are expected to lead to net expense reductions of $5 billion per year by 2014, on a baseline of $27 billion in annual expenses for the areas the company is reviewing.

(Reuters) - Bank of America Corp Chief Executive Brian Moynihan's pa

NEW YORK (Reuters) - UBS has tapped a former Barclays Bank Plc inves

LONDON (Reuters) - Andrea Orcel, Bank of America Merrill Lynch's top adviser in Europe and architect of many of the region's biggest banking deals including the break-up of ABN Amro, is leaving to join UBS , three people familiar with the matter said. Orcel will become joint head of UBS's investment bank, alongside Carsten Kengeter, a role that will re-unite him with UBS chief executive Sergio Ermotti, the former Merrill Lynch banker who took over from Oswald Gruebel late last year. ...