Name: Bank of America to Cut China-Focused Staff
Uploaded: 2024-01-24T03:48:51.000Z
Description: Bank of America reportedly announced job cuts for 20 Asia-focused staff members on Tuesday.

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Bank of America reportedly announced job cuts for 20 Asia-focused staff members on Tuesday.

The most affected positions are China-focused bankers.

The news comes amid plunging markets in China and Hong Kong that are weighing on deal prospects for investment banks.

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