Buffeted by the slowing economy and escalating mortgage liabilities, Bank of America (BAC) could...

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

Buffeted by the slowing economy and escalating mortgage liabilities, Bank of America (BAC) could slash 40K jobs over a number of years as part of its "Project New BAC" overhaul, the WSJ reports. Most of the cuts would come in BofA's consumer ops, with execs due to make final decisions today.