The nation's largest bank said Monday that it will cut 30,000 jobs over the next few years. Bank of America has been plagued by losses after buying the home lender Countrywide, and many investors have lost faith in the bank, driving its stock down 50 percent this year.
Meanwhile, Bank of America has been selling off parts of its business to raise more capital.
Deepening concerns that debt-troubled Greece may default — and increasingly strident comments by several politicians in Germany about that possibility — helped send European markets sharply lower on Monday, raising worries about the sector's health.
The Stoxx 50 index of blue-chip European shares dropped 2.6 percent, with many of the continent's leading financial groups, such as Deutsche Bank and BNP Paribas, at one point falling as much as 11 percent on worries over their exposure to potentially bad European debt.
Make no mistake: With a cast of more than 40, Follies is a really big show. The legendary musical takes place on the stage of a Broadway theater, at a reunion of former showgirls, with a domestic drama unfolding in the present while the stage is literally filled with ghosts from the past.