Did Big Government Force Out Bank of America (BAC) CFO?

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Bank of America Announces Management Team Changes

July 22, 2015 6:56 PM EDT

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America Chief Executive Officer Brian Moynihan today announced changes to the companys management team.

The quarterly results we announced last week showed once again how far we have come on our journey over the past few years, Moynihan said. The changes we are announcing reflect decisions two senior leaders have made about their own futures, and some other changes that will bolster, and in some cases, reposition members of the management team.

Chief Financial Officer Bruce Thompson has decided to step down after 5 ½ years as chief risk officer and... More