Layoffs Watch '16: Bank Of America Giving Traders The Ax

The cuts are said to be going down in the U.S. circa now.

It's not a great day to be working at the House of Moynihan.

Bank of America Merrill Lynch is cutting jobs in its global banking and markets business on Tuesday. The job cuts have already taken place in Asia, and they are working their way across time zones to Europe and now the US, according to people familiar with the matter.

BofA Asia Equity-Trading Head Droitcourt Said to Leave Amid Cuts [Bloomberg]
Bank of America Merrill Lynch is firing traders [BI]