Wells Fargo Formally Separates Chairman, CEO Roles -- Update
Sting from Merrill's International Shift Lingers
Bank of America Trading Benefits From Trump's Election Surprise
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 CEO Brian Moynihan warned that adviser productivity and profit margins at Merrill may continue to fall as the firm sacrifices short-term profitability for long-term growth.
This week: Best Buy tumbles hard, B of A soars (too high), and 4-star GM restarts dividends.