Subscribe

Report: BofA to sweep away top execs

The departing executives were taken from the bank's so-called "band 1" layer of management, one rung below Mr. Lewis and the other C-level executives, The Wall Street Journal reported.

Bank of America Corp. has laid off about 20 high-ranking executives, including some loyalists of chief executive Kenneth Lewis, The Wall Street Journal reported.
The departing executives were taken from the bank's so-called "band 1" layer of management, one rung below Mr. Lewis and the other C-leve

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

More Americans have health insurance than pre-pandemic

But 25 million remain uninsured according to new report.

Bitcoin at one-month low amid broad crypto sell-off

Stocks and bonds providing better returns weakens digital assets appeal.

Goldman sees slower growth, labor market with two Fed cuts

Any further slowing of demand will hit jobs not just openings.

TD facing new allegations in Florida, Bloomberg reports

Canadian big six bank is already under investigation by US regulators.

Demand for bonds is soaring amid rate-cut speculation

Led by US Treasuries, global demand for sovereign debt is rising.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print