Hugh Son
BofA said to cut dozens of traders, bankers as revenue drops
NEW YORK - Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after CEO Brian Moynihan pledged...
Moynihan remains BofA chairman after vote, fends off critics
NEW YORK - Brian Moynihan will keep his dual role as Bank of America Corp.’s chairman and CEO after shareholders voted to ratify governance...
Here’s why BofA CEO Moynihan probably keeps his chairman title
NEW YORK - If Bank of America Corp.’s biggest shareholders are any indication, CEO Brian Moynihan probably will be allowed to remain chairman.
BlackRock Inc.,...
Moynihan faces own stress test as BofA investors lose patience
NEW YORK - When Bank of America Corp. shareholders gather next month to decide if Brian Moynihan can keep his chairman title, they won’t...
Moynihan faces BofA vote that may strip him of chairman role
NEW YORK - Bank of America Corp. shareholders will get the chance to vote on whether the lender’s board should have allowed CEO Brian...
Moynihan tightens grip as friction said to spur shakeup
CHARLOTTE, N.C. - Bank of America Corp. CEO Brian T. Moynihan named the fourth finance chief of his tenure in a broad shakeup as...
BofA takes ‘giant step’ as mortgages, cost cuts fuel profit
NEW YORK - Bank of America Corp., the lender most hobbled by the collapse of the U.S. housing market, said second-quarter profit more than...
Bank of America profit rebounds to $3.36B as costs drop
NEW YORK - Bank of America Corp., the second-biggest U.S. lender by assets, posted profit of $3.36 billion in the first quarter as expenses...
BofA said to reduce CEO Moynihan’s pay 7.1% to $13M
NEW YORK - Bank of America Corp. cut CEO Brian T. Moynihan’s pay 7.1 percent for last year to $13 million after profit dropped...
BofA profit drops 11% as fixed-income trading revenue slumps
NEW YORK - Bank of America Corp., the second-largest U.S. lender, said fourth-quarter profit fell 11 percent as revenue from fixed-income trading declined.
Net income...
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