Bank of America Corp Chief Executive Brian Moynihan has been at the helm for more than a decade, having guided the bank out of a financial crisis and transformed it into a nimbler operation.
Money market funds and equities saw almost similar inflows, BofA's latest fund flow statistics showed on Friday, in a puzzling investment trend amid rising concerns over a dialling back of stimulus by central banks.
A new generation of executives at the world's biggest asset managers is helping drive an uprising against Corporate America that environmental and social justice activists have long campaigned for.