Bank of America on Friday announced a management shake-up that sheds new light on some of the executives positioned to one day replace longtime CEO Brian Moynihan. The bank elevated three veteran executives to roles that give them expanded oversight over the bank. Jim DeMare, head of the bank's trading business, and Dean Athanasia, president of the regional bank business, were named co-presidents. Alastair Borthwick, the company's CFO, was named executive vice president."In their new roles as co-president ...

Just kind of a little confused here. Right now at the top, we're talking about Brian Moynihan, CEO. Joe DePinto Where does he.He's president. Well, now you have two new co-presidents. In part of that, it's Jim DeMare.Okay. Dean Athanasia, who will be the two co-presidents of Bank of America. The other person to have gotten a new title.Unclear to me if it's necessarily a promotion is CFO Alister Borthwick, who also will have the title of executive vice president. But actually, just let's read through their a ...

Let's get to this. I mean, Brian Moynihan is basically been there for like what, 15, 16 years now. There been a lot of questions about how much longer he would stay on and more importantly, what type of bench is behind him to succeed him when he's finally or I guess when the board is finally ready to let him go.Absolutely right. Brian Moynihan took over as CEO of Bank of America in January 2010. He's been there for 15 years.Outside of Jamie and Jamie is Jamie, by the way, also Jamie Dimon of Jp morgan has a ...

Bank of America appointed Dean Athanasia and Jim DeMare as co-presidents, the U.S. lender said on Friday, as CEO Brian Moynihan reinforced his commitment to lead the second-largest bank in the country... ...

Accessibility StatementSkip Navigation CHARLOTTE, N.C., Sept. 12, 2025 /PRNewswire/ -- Bank of America today announced senior leadership appointments to further build and deliver its capabilities around the globe for clients, shareholders, and local communities. Chair and CEO Brian Moynihan has named Dean Athanasia and Jim DeMare to serve as Co-Presidents of Bank of America, and appointed Alastair Borthwick to serve as Executive Vice President and Chief Financial Officer (CFO) of the company. Athanasia and ...

Key Takeaways Bank of America projects 6-7% NII growth for 2025, supported by loan demand and easing capital rules.The bank plans 150 new financial centers by 2027 and is investing heavily in digital initiatives.BAC approved a $40B buyback, boosted its dividend 8% and maintains nearly $1T in liquidity sources.Bank of America (BAC) remains one of the most rate-sensitive U.S. banks. With the September Fed rate cut a done deal on the back of a softening labor market and other data indicating slowing economic g ...

Accessibility StatementSkip Navigation CHARLOTTE, N.C., Sept. 12, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 22, 2025 all €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due September 22, 2026 (ISIN: XS2387929834; Common Code: 238792983) (the "Notes"). The Notes were issued under the Bank of America Corporation U.S. $65,000,000,000 Euro Medium-Term Note Program. The redemption price for the Notes will be equal to the Opti ...

When it comes to finance, it's no longer New York or nowhere — and construction on Goldman Sachs' sprawling new campus is the clearest sign yet. The firm's new campus adds to a growing list of Wall Street names betting on Texas, drawn by low taxes, light regulations, and a cheaper cost of living. Banks and financial institutions are among hundreds of businesses hopping on the trend, setting up flashy campuses in Dallas, which some have coined "Y'all Street." Others, like Vanguard, are opening up regional ...

Bank of America Securities reported that spending during the back-to-school season in August showed notable strength across most retail categories, with apparel standing out.The firm based its findings on aggregated debit and credit card data, pointing to resilience in consumer activity despite ongoing inflationary concerns.According to the note, total retail sales excluding autos rose 1.9% year over year in August, compared with 1.1% in July.Also Read: Kroger Lifts Profit Outlook On Business Momentum, Marg ...

I am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering analysis to support individual investors. My articles reflect personal opinions and do not constitute financial advice.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...