Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Bank of America to cut 59 jobs in Fort Lauderdale

Posted: July 26th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Bank of America filed notice with Florida that it intends to lay off 59 employees in Fort Lauderdale.

The layoffs will take place at the bank’s office at 1425 N.W. 62nd St. (Cypress Creek Road) from Nov. 1 through Jan. 31.

BofA ranked second in South Florida, with $23.1 billion in deposits and 206 branches on June 30, 2010. The Charlotte, N.C.-based company (NYSE: BAC) was stung by an $8.8 billion loss in the second quarter.

From: Biz Journals

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