While Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan has been working to end legal problems, he has also been quietly retooling the bank for a post-crisis world. Moynihan has also helped reshape the board, and his sway with directors only increased when he became chairman earlier this month, the sources said. Some investors have speculated that once Moynihan, a lawyer by training, was done with legal settlements linked to the 2008-2009 housing and financial crisis, he would head for the exits. Key investors fully support Moynihan as well.
Published in TZ Latest News 15 October, 2014 by The TZ Newswire Staff
Moynihan reshapes Bank of America for an era without big legal costs
Published in TZ Latest News 15 October, 2014 by The TZ Newswire Staff
Moynihan reshapes Bank of America for an era without big legal costs
While Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan has been working to end legal problems, he has also been quietly retooling the bank for a post-crisis world. Moynihan has also helped reshape the board, and his sway with directors only increased when he became chairman earlier this month, the sources said. Some investors have speculated that once Moynihan, a lawyer by training, was done with legal settlements linked to the 2008-2009 housing and financial crisis, he would head for the exits. Key investors fully support Moynihan as well.