Thread regarding Bank of America layoffs

Heading towards recession, how will the bank fare?

Looks like US is due for another recession. How will the bank fare? Layoffs? GT&O layoffs? Certain LOBS and teams more vulnerable than others?

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Post ID: @Zr506qi

6 replies (most recent on top)

yeah, and if you are in any kind of sales role of any kind, expect the intense sales pressure from your manage to double or triple. all to make up for the clown mistakes of management, so they have to make you produce more sales.

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Post ID: @Zr506qi-mdgo

Send more jobs offshore. It's what they do best. Keep destroying the American middle class, make the numbers look good and get their incentive bonus.

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Post ID: @Zr506qi-joua

No recession coming.

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Post ID: @Zr506qi-ehby

No recession if Trump is elected again. You will see the down hit 30k

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Post ID: @Zr506qi-8mbq

If the American consumer takes a hit, the consumer side of the bank will feel pain. I'd also be concerned about exposure to leveraged loans - i.e., high risk loans to businesses and individuals. Then you have Warren Buffet talking about the dangers of derivatives. I guess time will tell whether the fortress Balance Sheet is really solid. I also have real doubts that the younger generation now in middle management will have the experience to navigate the next recession.

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Post ID: @Zr506qi-2ydl

No recession. See X22 report on YouTube

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Post ID: @Zr506qi-2qju

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