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Bank of America cuts 150 junior jobs in investment banking

Bank of America has eliminated 150 junior bankers employment at investment banks, two sources familiar with the matter told Reuters on Tuesday. The bank's latest cuts follow similar exercises at rivals JPMorgan and Goldman Sachs, part of the annual process to reduce performance degradation. However, trading volume is below forecasts for the first half of […]

Army Was Sending Junior Pilots to Fly Top D.C. Missions Until 2023

The recent fatal clash through Washington, DC, involving an army helicopter, has brought sudden public scrutiny to the service and mission of the country's capital, but the Master Army aviators have gone to Breitbart He said there were risks in the year as well. In fact, the aviators had sent the most junior pilots fresh […]

Mike Tomlin doesn’t hold back on ‘junior varsity’ Steelers after loss

Mike Tomlin isn't happy. The Steelers gave fans a lump of coal on Christmas with a disappointing performance, losing 29-10 at home to the Chiefs, their third straight loss in 10 days. Prior to Wednesday's loss, they lost to the Eagles and Ravens, with all three losses coming against fierce competition, but the Steelers (10-6), […]

Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours

Wall Street's top chief executive has rejected concerns that young bankers are suffering from burnout, arguing that junior staff should be able to tolerate long hours in “interesting” work. Lazard CEO Peter Orszag appeared to downplay criticism that newcomers to the banking industry are overworked, even as JPMorgan is limiting the hours of junior team […]