Bank of America to close 600 branches

[Sol Invictus]

Even more changes are coming for Charlotte's biggest bank.

NewsChannel 36 has learned Bank of America is splitting itself into two units -- consumer and commercial.

That means as many as 600 branches will be shut down.

Analysts say the move by Bank of America CEO Brian Moynihan signals that broader and deeper layoffs than those previously announced could be around the corner.

http://www.wcnc.com/news/local/New-c...129443373.html

[Sol Invictus]

Bank of America job cuts will save $5 billion a year by 2014; shares rise on the news

http://www.marketwatch.com/story/ban...ons-2011-09-12