Bank of America (BAC) may be preparing to slash about 6% of its work force by the end of this year as part of an ongoing series of streamlining measures.

The Charlotte, N.C., company stands to jettison as many as 16,000 workers in the second half of 2012 as part of its plan to cut costs, draw more revenue from current customers and retool itself as a dealmaker, the Wall Street Journal reported Wednesday.

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