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Bank of America lays off 540 in Charlotte division (access required)

CHARLOTTE — Bank of America is laying off 540 workers in a division that handles troubled mortgages. The Charlotte Observer reports (http://bit.ly/UKAOzk) that the cuts announced Wednesday amount to nearly two-thirds of the local workforce in the Legacy Asset Servicing division. At its peak in 2012, the unit employed 42,000 full-time workers across the company as the ...

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