Tuesday, December 02, 2008


More pink slips.

Bank of America can be expected to cut at least 10,000 investment banking jobs as it moves to absorb Merrill Lynch, sources have told CNBC.

The layoffs will start before the end of the year and possibly as soon as this week.

While there is and will be a national recession, there will be tremendous local variation. Quite curious how New York will be affected, and how it might change the city's direction.