bank of america

Megabanks Citibank and Bank of America are losing out on business in Louisiana. State Attorney General Jeff Landry and the Bond Commission turned down $600 million to those two financial institutions because of the gun control stance adopted by both companies.

On Monday, Bank of America announced that part of its plan to cut $5 billion in spending by 2014 includes the elimination of 30,000 jobs. CEO Brian Moynihan made no mention of layoffs during an investor conference, and the bank says it expects the job losses to occur naturally through attrition and not rehiring when people vacate their positions.