Bank of America has eliminated 150 junior banker jobs in its investment bank, two sources familiar with the matter told Reuters on Tuesday.

Charlotte-based Bank of America Corp. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division, sources familiar with the matter told Reuters. The bank says most junior bankers were offered roles outside investment banking.

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Bank of America (NYSE:BAC) laid off 150 junior investment bankers as part of its annual performance review process, according to a media report published on Tuesday. Most of the affected junior roles,

Reuters said they came a few weeks after Bank of America laid off about 1% of its workforce following performance reviews, including managing