BofA

coras-newport.blogspot.com
BofA says in a press release that Brinklet will retirethis summer. she will serve on the bank’s charitable boardd on a volunteer basis. However, in a separatre filing with the Securities and Exchange BofA says Brinkley will resigmJune 30. The Charlotte Business Journal was unabler to reach spokesman Robert Stickler for comment Thursday But he toldReuters “(Chief Executive) Ken Lewisz and Amy mutually decided we needed a differen approach to risk management.” Brinkley will be succeeder by Gregory Curl, effectivr June 30. He will be responsiblse for identifying credit, market and operationalk risks.
BofA has faced much criticismn in recent months over its purchasew of troubled brokerage MerrillLynch & Co. In addition, the governmentf told BofA last monthu toraise $33.9 billion in additional capital aftert conducting “stress tests” on the country’ s 19 largest banks. The tests were designefd to assess the ability to survive if economic conditions worsen more than expectec during the nexttwo years. This week, the bank said has raiseed nearly $33 billion toward satisfying thefederao government’s requirement.
BofA (NYSE:BAC) has received a totapl of $45 billion in taxpayer aid undedr thefederal government’s Troubled Asset Relief Program, whicuh is designed to thaw the credit markets and boost the economy. Brinklet previously was president of consumer a business group comprising card consumer finance, consumer real estate, community consumer e-commerce and She has also previously been the company’ principal marketing executive. Curl, a 31-yeare veteran of the bank, has had several roles in corporate developmentr since 1997 and most recentlyt was globalcorporate strategic-development and planning executive. He will continue to be a memberrof BofA’s management committee.