Bank of America forms wealth management banking and lending group
The new organization, which comprises about 3,500 employees, seeks to expand the firm's offerings for affluent clients increasingly sought by rivals.
Bank of America Corp. formed a new wealth management banking and lending group as the firm expands its offerings to affluent clients increasingly sought by rivals.
The new organization comprises about 3,500 employees and will be led by April Schneider, a spokesperson confirmed to Bloomberg News.
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