HONG KONG, March 14 (Reuters) - Bank of America ( BAC )

has laid off 16 bankers in Hong Kong as part of global cuts to

its investment banking workforce, two sources with knowledge of

the matter told Reuters on Friday.

The lay-offs mainly targeted junior dealmakers, said the

sources, who asked not to be named as they were not authorised

to speak to media.

Bank of America ( BAC ) declined to comment.

The U.S. lender is eliminating 150 junior banker positions

in its investment bank globally, two sources told Reuters

earlier this week, mirroring similar exercises at rivals

JPMorgan ( JPM ) and Goldman Sachs ( GS ).

Deal volumes in Bank of America's ( BAC ) home market in the United

States have fallen below expectations in the first half of the

year.

Hong Kong, meanwhile, has seen revived activity in its

initial public offering and additional share sale markets in

recent weeks.

That has included sizable deals such as electric vehicle

maker BYD's primary share sale and drinks brand Mixue Group's

initial public offering.