Jim Cramer Says Bank of America and Others Rushed to Be Bigger in Asia Pacific
Jim Cramer says banking firms like Bank of America rushed to grow staff in Asia, and now it looks like some job cuts are on the way.
Jim Cramer comments on reports that Bank of America (BAC) - Get Report is looking to cut staff in Asia, after Goldman Sachs (GS) - Get Report also eliminated jobs in the region. Cramer says there was rush to be bigger in Asia Pacific, and it seems that Bank of America overstaffed.
