3 Years After Taxpayer Bailout, Bank Of America Ships Jobs Overseas

Bank of America, which last fall announced plans to lay off 30,000 workers, is about to go on a hiring spree—overseas. Your account information will now be accessible to call center workers in the Phillipines.

America's second-largest bank is relocating its business-support operations to the Philippines, according to a high-ranking Filipino government official recently quoted in the Filipino press. The move, which includes a portion of the bank's customer service unit, comes less than three years after Bank of America received a $45 billion federal bailout.

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