NationsBank Corp. plans to cut more jobs in its capital markets business, after firing 55 staffers last month, the unit's president said.

The bank will fire an unspecified number of staffers at its NationsBanc Capital Markets unit, as it pulls out of less-profitable activities such as underwriting securities for top-rated companies, said division president William Maxwell.

He said the unit, which employs about 1,200, will focus on high-yield investments such as leveraged loans, real estate- and mortgage-backed securities, and interest rate swaps.

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