Expect continued substantial headcount reductions at Bank of America (BAC), says CEO Moynihan....

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Expect continued substantial headcount reductions at Bank of America (BAC), says CEO Moynihan. "It's really based on demand," he says, noting flat revenues amidst the flat yield curve and flat economy. "When I talk tour clients ... they don't expect to hire a lot more people."