Exclusive | Bank of America Tightens Oversight of Junior Bankers’ Hours - WSJ
1. BAC enhances oversight of junior bankers' workloads after recent employee death. 2. Bank of America eliminated 150 junior roles, indicating workforce reorganization. 3. Senior bankers now oversee junior workloads to prevent overworking. 4. Competitors like JPMorgan have also imposed work limits for junior bankers. 5. Current economic change raises concerns about investment banking prospects.