BB&T cuts jobs as it exits equity research, trading business: ""We recognize this is a challenging time for the affected associates and their families and we're making every effort to place them into other positions," BB&T spokesman Brian Davis said in an emailed statement. "Severance packages and outplacement services will be offered."
The spokesman said the moves were a response to the "changing market conditions" within the equity trading business, which included reduced volume and compressed margins."
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