Just five years ago, there were more Bank of America branches in the US than Walmart stores. But in an effort to cut costs, the bank has closed about a fifth of its branches since then—and is now warning of more closures to come. 241 more words
The number of jobs in banking has been declining for the past three years. In line with that trend, Bank of America has slashed more than 70,000 jobs since 2011. But, wages in the banking sector are rising more than other industries.