In the latest sign that banks are struggling to reap profits from their investment products operations, BankAmerica Corp. has quietly cut its brokerage unit's work force by 10%.

The San Francisco banking behemoth also has confirmed that its mutual fund marketing chief, Debra McGinty-Poteet, has resigned, and will not be replaced. Ms. McGinty-Poteet, who helped launch the forerunner to BankAmerica's Pacific Horizon funds, is considered a pioneer of the bank proprietary mutual fund business.

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