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Report: Bank of America to shut 600 branches

A Bank of America ATM is seen in this undated file photo.

September 8, 2011 12:00:00 AM PDT
A new report reveals new details of Bank of America's dramatic restructuring.

As many as 600 branches will be shutting down across the country, according to CNN.

There is no word on which branches are slated to close.

Bank of America has nearly 6,000 existing banking centers.

The company is splitting itself into two units, one to handle consumer banking and another to handle commercial finance needs.