Bank of America execs see 'shallow recession' ahead, plan to keep trimming headcount

Bank of America CEO Brian Moynihan foresees a recession occurring later this year — and, despite BofA's strong financial results for the first quarter, job cuts are likely the horizon.

Bank of America execs see 'shallow recession' ahead, plan to keep trimming headcount
Bank of America CEO Brian Moynihan foresees a recession occurring later this year — and, despite BofA's strong financial results for the first quarter, job cuts are likely the horizon.