Bank of America Corporation (NYSE:BAC) Cutting Bosses

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tdp2664 E money daily Bank of America Corporation (NYSE:BAC) Merrill Lynch has decided to axe several members of senior staff. Bank of America Corporation (NYSE:BAC) Cutting Bosses It has been reported that Bank of America Corporation (NYSE:BAC) Merrill Lynch is trimming its Australian banking headcount by cutting two managing directors. Leveraged finance's Michael Lynch and real estate's have Darren Rehn left the bank. Previously Bank of America Corporation (NYSE:BAC) let go of equity capital markets veteran Aaron Lamshed, Vice-president Marcus Ritchie and Melbourne-based director Ken Lim. According to a person familiar with Bank of America Corporation (NYSE:BAC)'s Australian investment banking division there would be no further cuts. Bank of America Corp. (NYSE:BAC) company shares are currently standing at 6.61. Price History Last Price: 6.61 52 Week Low / High: 4.92 / 15.31 50 Day Moving Average: 5.8 6 Month Price Change %: -33.9% 12 Month Price Change %: -55.3%