08:10 AM EDT, 03/14/2025 (MT Newswires) -- Bank of America ( BAC ) has laid off 16 bankers in Hong Kong as part of cuts to its investment banking staff, Reuters reported Friday, citing two sources with knowledge of the matter.

The job cuts mainly targeted lower-ranking bankers, the report said.

Bank of America ( BAC ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)