Bank Of America "Exploring Best Possible Ways To Comply With Volcker Rule"

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Okay, here's what they've got so far, tell us what you think.

The idea they've come up with is: you're fired.

Bank of America is eliminating between 20 and 30 proprietary trading jobs to comply with Volcker rule limits on banks trading their own capital, according to a person briefed on the decision. The cuts, which represent fewer than one third of the bank’s proprietary trading jobs, follow a decision this week to stop trading some liquid instruments, said the person, who declined to be more specific..."We continue to explore the best possible ways to comply with the Volcker rule and this is one step in that direction,” said Jessica Oppenheim, a spokeswoman in New York for the Charlotte, North Carolina-based bank.

Bank of America Said To Cut More Than 20 Prop Trading Jobs [Bloomberg]

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