Bank of America Cutting 16,000 Jobs

For the last while Bank of America has let it be known that they would be cutting 30,000 jobs by the end of 2013.

But now leaked information has let us know that they're aiming to cut 16,000 of those by the end of this year.

Fewer branches will be the most noticeable difference, but mortgage and lending operations are also expected to be a focus of the cuts.

There's no word yet on where in the US the cuts will be hitting the hardest.