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...BofA said on Wednesday that another senior executive, David Darnell, a four-decade veteran of the bank, would retire as vice-chairman aged 62....
...America has made Tom Montag sole chief operating officer in a move that hands the Wall Street veteran a greater role within the bank and cements his position as a possible successor to chief executive Brian...
...Bank of America’s chief executive Brian Moynihan has moved to simplify and strengthen his management team....
...Moynihan appointed David Darnell and Tom Montag to the newly-created positions of co-chief operating officers, accountable for all of the company’s operating units....
...Frankly it does not matter much that Mr Moynihan is running the show, or that David Darnell is now responsible for $640bn in consumer loans....
...Brian Moynihan, chief executive, said: “De-layering and simplifying at the scale in which we operate requires difficult decisions.”...
...” said David Darnell, president of global commercial banking. “They call us back. They show up.”...
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