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 …

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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 …

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