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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bank of America Corporation | NYSE:BAC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.45 | 1.22% | 37.33 | 37.53 | 37.08 | 37.25 | 34,082,664 | 01:00:00 |
From May 2019 to May 2024
By Christina Rexrode
Gary Lynch, a vice chairman at Bank of America Corp. and the former general counsel, is retiring.
Chief Executive and Chairman Brian Moynihan said in a note posted to employees Tuesday that Mr. Lynch, 66, would retire April 1. His departure marks what Mr. Moynihan and others hope is a turning point for the bank, which had long been saddled with heavy litigation and is now trying to pivot to the everyday work of growing revenue and income.
"Gary was an indispensable leader of our company during one of the most challenging periods for our industry and the global economy," Mr. Moynihan said in the note, a copy of which was reviewed by The Wall Street Journal.
Mr. Lynch joined Bank of America in 2011, after stints guiding Credit Suisse First Boston and Morgan Stanley through rocky relationships with regulators.
Write to Christina Rexrode at christina.rexrode@wsj.com
(END) Dow Jones Newswires
March 14, 2017 13:39 ET (17:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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