BofA's (BAC) Moynihan Said to Block Broker Pay Cut

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BofA's (BAC) Moynihan Nixes Broker Pay Cut Plan; Thinks Competitiveness Will Suffer

December 20, 2012 11:32 AM EST

Bank of America Corp. (NYSE: BAC) is stronger once again today, a reoccurring theme with the bank, as investors appreciate new action by CEO Brian Moynihan in efforts to maintain competitiveness.

Late Wednesday, headlines popped up that Moynihan vetoed a move by the Board to trim Merrill... More