The following were the top stories in the Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * Bank of America Corp is accelerating a broad cost-cutting plan and has set a target of shedding 16,000 jobs by year's end - cuts that would see the company relinquish its title as U.S. banking's largest employer.* U.S. prosecutors are seeking more time to complete their investigation of alleged interest-rate fixing, while banks ensnared in the probe are trying to turn the clock to their advantage as they battle lawsuits claiming damages from rate-rigging.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 0.65% or $0.06/share to $9.29. In the past year, the shares have traded as low as $4.92 and as high as $10.10. On average, 136534000 shares of BAC exchange hands on a given day and today's volume is recorded at 126360056.
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