Bank of America Corp created a new group in its global wealth and investment management division to focus on lending to rich clients, the company told Reuters on Monday.
Under the leadership of Brian Moynihan, Bank of America has become the poster child for stakeholder capitalism in banking. Shareholders benefit; previous strong underwriting and ample liquidity enabled it to grow loans strongly in the pandemic recovery; and management is confident it can weather the coming downturn.
Bank of America s Ryan has been following the market since he was 13 - Cincinnati Business Courier bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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