FICC and global banking and markets may be impacted.
'They will be substantially less', one source noted, saying they could be less than half that amount.
The layoffs will affect the hard-hit unit that trades fixed income, currencies and commodities, known collectively as FICC, as well as the bank’s global banking and markets desks, according to a person familiar with BofA’s plans. Back-office positions are also on the chopping block.
To access the complete New York Post article hit the link below: