UPDATE 2-Bank of America cuts 3,000 jobs; I-bank chief exits | Banking & Financial | Reuters

UPDATE 2-Bank of America cuts 3,000 jobs; I-bank chief exits | Banking & Financial | Reuters: "NEW YORK, Oct 24 (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research) on Wednesday said it planned to eliminate 3,000 jobs, and shook up its corporate and investment bank after a dismal quarter at that unit led to a 32 percent drop in overall profit."