Jun (Reuters) - Bank Of America Corp
The lender sought to trim its "least-productive employees" globally, Bloomberg cited the people as saying. The equities division employs about 2,500 people globally, one of the people told the news service.
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Earlier on Wednesday, Bank of America said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss.
(Reporting by Mihir Dalal in Bangalore; Editing by Gary Hill)