Bank of America CEO Brian Moynihan Gets Pay Cut
Bank of America CEO Brian Moynihan Gets Pay Cut -- Update
Brian T . Moynihan , who endured record losses and public thrashings while cleaning up Bank of America Corp.'s mortgage mess, said he wouldn't mind being chief executive officer of the lender forever.
(Bloomberg) Bank of America Corp. Chief Executive Officer Brian T . Moynihan has summoned more than 100 of his regional leaders to a private meeting today where they'll be pushed to boost the lender's flagging revenue, said two people with direct knowledge of the project.
Bank of America Corp. Chief Executive Officer Brian T . Moynihan said the firm has plenty of capital and he's confident it will pass the next U.S. stress tests.
Bank of America Merrill Lynch took a hit in the fourth quarter due to rising expenses and lower interest income, though CEO Brian Moynihan offered a vote of confidence that brokerage chief John Thiel is managing expenses well.
This week: Best Buy tumbles hard, B of A soars (too high), and 4-star GM restarts dividends.