Bank of America is said to be planning on canning half of its New York equity trading desk in the next 2-4 weeks.
Layoffs Watch '12: Macquarie
Cuts are said to be coming next week. "FYI: Layoffs next week at Macquarie in New York, mostly at the SVP and MD level, right before their FY-end. Not much in terms of bonus pool given weak deal flow." Related(-ish): Macquarie Bank Miranda Kerr Enthusiast On A Time Out ‘Til Superiors Decide What To Do With Him