Exclusive-Bank of America eliminates some investment banking roles, including in New York

By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters. The cuts affected junior bankers, including analysts and associates, the three sources said. The employees…

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BlackRock CEO Fink says nationalistic US policies to stoke inflation

By David French and Marianna Parraga HOUSTON (Reuters) -BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there…

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