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BofA equities unit sees shake up

Bank of America

Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.

Bank of America traders didn't lose money

Bank of America

Bank of America traders posted trading revenue on every business day of the third quarter, the first three-month period without a daily loss since the start of 2014, even as total trading revenue declined.

Bank of America cuts CEO pay

Brian Moynihan Davos 2013 Pic

Bank of America’s chief executive, Brian Moynihan, took a 7% pay cut in 2014, as the giant bank faced mounting legal costs related to government investigations into the sale of mortgage investments leading up to the financial crisis.

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Bank of America

BofA equities unit sees shake up

Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.