BofA Redeploying Investment Bankers Across the Franchise: CEO

The video discusses the strategic use of attrition in managing a large workforce, highlighting how turnover rates have fluctuated during the pandemic. It explains the redeployment of staff across different parts of the franchise, including investment banking, to optimize resources. The video also covers the necessity of halting hiring to manage headcount effectively.

What is the current state of the turnover rate mentioned in the text?

What actions were taken regarding hiring last fall?