Reported about 7 hours ago
Bank of America has promoted three executives—Dean Athanasia, Jim DeMare, and Alastair Borthwick—creating a competitive environment for the next CEO position as current CEO Brian Moynihan hints at potentially stepping down by the decade's end. Athanasia oversees retail and commercial banking, DeMare leads global markets, and Borthwick serves as CFO. Moynihan, who has been CEO since 2010, indicated he intends to continue focusing on 'responsible growth' until he retires.
Source: YAHOO