Bank of America executive states growth of sales force will continue

© Reuters. The Bank of America building is shown in Los Angeles, California

(Reuters) – Bank of America (NYSE:-RRB- will continue to increase the number of salesmen as it scales back on assistance staff, a senior executive said on Tuesday. Speaking at a market conference in New York, Thong Nguyen, head of retail banking, stated sales positions, which used to account for five percent of workers, now represent 30 percent. That ratio will get to 40 percent next year and ultimately reach 50 percent, he stated. Disclaimer: Fusion Media want to remind you that the information consisted of in this website is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex prices are not offered by exchanges however rather by market makers, therefore rates may not be precise and may vary from the real market value, suggesting prices are a sign and not suitable for trading functions. For that reason Fusion Media does n`t bear any duty for any trading losses you might incur as an outcome of using this information. Blend Media or anyone involved with Combination Media will decline any liability for loss or damage as a result of reliance on the details consisting of data, quotes, charts and buy/sell signals included within this site. Please be fully informed concerning the threats and expenses connected with trading the monetary markets, it is among the riskiest investment forms possible.

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