Bank of America Corp., the second- biggest U.S. lender, said Chief Executive Officer Brian T. Moynihan’s 2011 compensation package was $7 million for 2011, a 30 percent cut, as the company’s stock slumped.
Bank of America Corp., the lender seeking to trim expenses by eliminating at least 30,000 jobs, will pay former wealth-management division head Sallie L. Krawcheck $6 million after her dismissal last month.
Bank of America Corp.’s global banking and markets division is recovering after credit-rating downgrades ignited concern among clients and trading partners, said co-Chief Operating Officer Thomas K. Montag.
Bank of America Corp., the lender struggling to contain losses from soured mortgages, will cut employees and assets to make the biggest U.S. lender easier to manage, said Chief Executive Officer Brian T. Moynihan.
Bank of America Corp. , the biggest U.S. bank by deposits, is seeking to hire three executives to improve its retail online and mobile-banking services, said two people with direct knowledge of the search.
Bank of America Corp. , the biggest U.S. lender by assets, will close some retail branches this year and try to boost revenue from remaining locations by offering investment advice by videoconference, a company manager said.