BofA is said to tap brakes on risk, spurring banker departures

BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI
BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI
NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to do anything crazy to the customer - and we’re not going to do anything crazy for the customer.” The declaration by Frank Bramble Sr. kicked off the firm’s shareholder meeting in…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -