BAC Sep 2023 45.000 put
| Previous close | 11.85 |
| Open | 10.10 |
| Bid | 10.05 |
| Ask | 10.15 |
| Strike | 45.00 |
| Expiry date | 2023-09-15 |
| Day's range | 10.10 - 10.10 |
| Contract range | N/A |
| Volume | |
| Open interest | 2.73k |
- Reuters
Bank of America to redeploy wealth management, banking employees - source
Less than 200 employees are being moved to product specialist positions within the company's global operations organization, the source told Reuters. The move highlights the broader weakness in Wall Street banks' mortgage and wealth management businesses in a rising interest rate environment. Interest rate hikes by global central banks to tame elevated levels of inflation have weighed on consumer and corporate spending, affecting the outlook for Wall Street heavyweights such as Goldman Sachs Group Inc and Morgan Stanley.
- Bloomberg
Bank of America Trims Banking, Lending Group Amid Industry Slump
(Bloomberg) -- Bank of America Corp. is trimming its wealth-management, banking and lending group as higher interest rates continue to crimp business on Wall Street, forcing banks to make broader cuts.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsFewer th
- Yahoo Finance UK
Wall Street and FTSE struggle as Deutsche Bank sparks another banking sell-off
Wall Street shares tumbled as the banking crisis hit markets.
