Click the chart to track Bank of America's stock.
NEW YORK (CNNMoney) -- Investors are fixated Monday on Bank of America's job-cut plan and on Europe's debt woes, particularly as the Old Continent's crisis becomes more challenging by the day.
The interest rate on 1-year Greek bonds went above the 100% mark, essentially pricing an almost certain default.
Over the weekend, the Greek Prime Minister George Papandreou repeated several times that his country will do everything possible to avoid a default. But it seems that German officials lost faith as it became clear that Germany is getting prepared for the worst-case scenario with a plan to recapitalize its banks if a Greek default makes such a step necessary.
Closer to home, while President Obama is revealing details about his job-creation plan, Bank of America (BAC, Fortune 500) shed light on its new restructuring program.
One of the steps involves laying off 30,000 people. The biggest U.S. bank, in terms of assets, deposits, mortgage lending and credit cards, intends to reduce headcount as part of its plan to split into different units in an attempt to reduce costs and improve flexibility.
In other restructuring news, McGraw-Hill (MHP, Fortune 500) announced that it will split into two public companies -- one focused on publishing and education services, and the other on financial markets. Its stock advanced 1.5% on the news.
These are some of the popular themes on StockTwits Monday:
ivanhoff: The market doesn't really care about Greece. It worries about German and French banks and a potential credit market freeze.$$
CreateCapital: $$ Realize with all the "Sturm und Drang" that we are only down 10% vs. Germany's 25%?
BlaineFranklin: Euros ($FXE) for Nothing, Greek Islands for Free, and The Vapors.
allstarcharts: Greek 1-Year Debt Yield Hits 108%. $$
Catalystrader: $BAC filled the Buffett news gap and finding support on good volume today.
margbrennan: Irony: Bank of America confirms that it will cut 30K jobs in phase one of overhaul during Obama speech on the American Jobs Act. $BAC
howardlindzon: I look at Japan now 20 way plus years later and 60 percent lower still and now $JPM and $BAC and I think omg 'Humpty Dumpty.'
upsidetrader: $MHP breaks into two, Europe breaks into pieces, just another Monday. 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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| 15 yr fixed | 3.20% | 3.23% | |
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| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
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