Merrill Said to Cut Bonuses by 50% as Revenue Slumps
Merrill Lynch & Co. plans to cut year-end bonuses in half after more than $20 billion of losses that forced the U.S. securities firm to sell itself to Bank of America Corp., two people with knowledge of the situation said.
By Bradley Keoun and Jacqueline Simmons
The average [...]

JPMorgan to cut 9,200 Washington Mutual jobs
JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on September 25 became the largest U.S. bank to fail.
Editing by Carol Bishopric, Phil Berlowitz
The cuts amount to more than 21 percent of the work force at Washington Mutual, [...]