Bank of America Considers Huge Job Cuts

NEW YORK (AP) - Bank of America is considering cutting at least 10 percent of its work force as part of a massive restructuring, according to published reports.

The Wall Street Journal said that officials at the Charlotte, N.C. bank have discussed cutting 40,000 employees, or 14 percent of its 288,000 total staff. Bloomberg put the job cuts at about 10 percent. They each cited people that were not identified by name.

A spokesman for Bank of America wasn't immediately available to comment before business hours on Friday.

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