Fleet expands capital markets layoffs

BOSTON — FleetBoston Financial Corp. announced that it would lay off an additional
470 employees at its Robertson Stephens investment bank division in San Francisco
and at Quick & Reilly discount brokerage division by June 30. Fleet had originally
informed the Securities and Exchange Commission that it would eliminate at least
280 jobs at Robertson Stephens. The latest filing reported by the Boston Globe
brings the total of cuts to 750.