Tag Archives: 2008
‘Project new BAC’ underway as Bank of America cuts 30,000 jobs
Bank of America (NYSE:BAC) has announced that they will cut around 30,000 jobs over the next few years in an attempt to cut its costs by about $5 billion a year. The nation largest bank is on a mission to …
Freddie Mac to ask government for additional $1.5 billion
It was announced on Monday that government controlled mortgage giant Freddie Mac will approach the government again to ask for an additional $1.5 billion in financial aid after posting a loss in its last quarter.
The company which was bailed …
















