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**Bank of America Purportedly Introduces Subordinate Financier Supervisory Posts Amid Dismissals**
*Disseminated: March 17, 2025, 8:34 AM ET*
**Principal Conclusions:**
* As per a *Wall Street Journal* article, Bank of America is instituting a fresh post for veteran financiers to observe the professional circumstances of their subordinate associates.
* This action materializes in the aftermath of the calamitous demise of a youthful financier in the prior year, who was allegedly toiling for more than 100 hours weekly.
* The *WSJ* also communicates that the bank lately eliminated roughly 150 subordinate investment banking roles.
Bank of America (BAC) is executing supplementary modifications to enhance the oversight of the work atmosphere for subordinate financiers, as stated in a *Wall Street Journal* dispatch on Monday.
The bank has fashioned enduring posts for seasoned financiers to superintend the labor of junior personnel, as divulged by sources within the bank to the *WSJ*. This transpires subsequent to a current curtailment of approximately 150 subordinate investment banking posts, according to the dispatch.
These novel posts constitute the newest alteration in the sector since the passing of a 35-year-old Bank of America financier in the preceding year. A *Wall Street Journal* inquiry ascertained that Leo Lukenas III succumbed after dedicating over 100 hours per week to his duties, indicative of a pattern wherein subordinate financiers are purportedly coerced into misrepresenting their workloads.
Bank of America did not promptly furnish a response to a solicitation for remarks early Monday.
Stocks of the banking behemoth exhibited minimal fluctuation in premarket trading, culminating the prior week with an ascent of roughly 14.5% over the preceding year.
*Investopedia mandates that authors employ principal origins to substantiate their endeavors. These encompass white papers, governmental statistics, original reportage, and dialogues with sector authorities. We additionally cite original inquiries from other esteemed disseminators where suitable.* Standard Chartered Bank Cuts Ethereum Price Prediction to $4,000
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