More bad news for those in the finance industry. The latest reports and rumors of layoffs are at
Bank of America Corp. (NYSE:BAC), Halifax, Citigroup Inc. (NYSE:C) and Bryn Mawr Bank Corp.
- Bank of America is closing its office in Lynchburg, Va., on Dec. 11, according to The News & Advance.
- Citigroup's creditcard unit cut 100 positions
in marketing, finance and support functions. In addition, the wealth management unit laid off 75
financial advisers in New York
and California, according to Bloomberg.
- Bryn Mawr Bank is acquiring FIrst Keystone Financial for $34 million in stock and cash, according to the Philadelphia Business Journal. No word on if there will be layoffs as a result of the transaction.
Even though several companies are laying off employees, several are also hiring. Check our job opening
pick of the day from The Deal's Career Channel:
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wealth advisor...
please... lay them off... useless.