33:
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344:. There were complaints from shareholders regarding the bank's mortgage servicing operations, decreased share prices and other issues. Protesters converged outside the building, which they were barred from entering by police and metal barricades. In response to the criticisms of the bank's mortgage servicing operations, Moynihan tried to reassure the audience, saying "you can call us and we will figure it out."
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that
Moynihan "admitted the proposed $ 5 monthly fee for debit card users wasn't the best idea." She quoted him as saying: "We struck a chord with customers that no one anticipated. We learned our lesson and stopped it." It was later reported that the failed fee plan led to a 20% increase in account
228:
On August 25, 2011, CNBC's Drew
Sandholm noted that "espite having recently told investors Bank of America ... doesn't need to raise capital, CEO Brian Moynihan will accept $ 5 billion in capital from famed investor
307:
reported that
Moynihan had set up a succession plan for his eventual replacement. At that time, he remained CEO and chair of Bank of America's board. Moynihan stated he planned on remaining CEO for years.
244:'s John Carney noted that Moynihan had "once again laid out his company's plan to meet regulatory capital requirements and denied that the bank will have to issue new stock to raise capital ... says that
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bank in April 1993 as a deputy general counsel. From 1999 to April 2004, he served as executive vice president, managing Fleet's brokerage and wealth management division. After
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248:'s $ 5 billion counts as Tier 1 Capital. But the markets have largely ignored the investment, most likely because it looks a lot more like debt than capital."
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in 2010 and received a $ 1.9 billion tax refund, despite making $ 4.4 billion in profits. The report also includes criticisms of Bank of
America's use of
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noted that "a group of law professors and activists from a non-profit called Public
Citizen sent a 24-page petition to Fed Chairman
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blogger
Jillian Berman noted that BoA "has also been hammered in the stock and bond markets" and "was the worst performer in the
217:
with FleetBoston
Financial in 2004, he joined BofA as president of global wealth and investment management. He was named CEO of
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In 2023, Moynihan's total compensation from Bank of
America was $ 27.8 million, representing a CEO-to-median worker
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Moynihan held numerous banking positions before becoming president of consumer and small business banking (SBB) at
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300:'s 2020 "CEO Of The Year" award, which is given to "extraordinary American business leaders" and peer-selected.
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124:(born October 9, 1959) is an American lawyer, investment banker and businessman who is the chairman and CEO of
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in a report titled "Top
Corporate Tax Dodgers." According to the report, Moynihan's Bank of America paid no
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descent. Moynihan graduated from Brown
University in 1981, where he majored in history, co-captained the
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and Treasury Secretary Geithner asking them to consider breaking up and reforming Bank of America.
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789:"Brian Moynihan: We Didn't Think BofA Customers Would Be Ticked Off With The $ 5 Debit Card Fee"
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845:"No Matter What Brian Moynihan Says, People Are Still Calling For Bank Of America's Break-Up"
261:
for two quarters straight ... while Moody's downgraded the bank last month." She added while
222:
766:"BofA CEO Brian Moynihan 'Incensed' People Don't Recognize 'How Much Good' His Employees Do"
318:
Moynihan is a fellow at Brown University, serving from 2016 to 2027. He is also a member of
269:'s CEO, received a $ 19 million raise in 2010, Moynihan's salary stayed level at $ 950,000.
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1610:
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1001:
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575:
471:"Brian Moynihan Elected Chairman of the Board of Directors | Bank of America Newsroom"
319:
128:. He joined the board of directors, following his promotion to president and CEO in 2010.
8:
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624:"Moynihan, in running for Bank of America's top job, has experience winning tough fights"
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after its sale to BofA in September 2008 and became the CEO of Bank of America after
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traders on Thursday, it also caused them to question Moynihan's credibility."
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527:"Brian Moynihan to lead Brown Corporation as the University's 22nd chancellor"
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918:"Bank of America's Moynihan Says Succession Plan Leaves Nothing to Chance"
892:"Bank of America's Moynihan Says Succession Plan Leaves Nothing to Chance"
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October 9, in 1959, the sixth of eight children in a Catholic family of
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In 2012, Moynihan (along with other CEOs) faced heavy criticism from
131:
He is a member of the Council on Competitiveness and Partnership for
338:
convened "as protests swirled inside and outside," according to the
159:
team and met his future wife, classmate Susan E. Berry. He earned a
742:
1136:
945:"CEOs made nearly 200 times what their workers got paid last year"
383:. This practice has come under scrutiny from some shareholders.
1471:
American Security and Trust Company Building (Washington, D.C.)
1097:
943:
Anderson, Mae; Harloff, Paul; Ortutay, Barbara (June 3, 2024).
380:
372:
135:, among other boards. He is slated to become the Chancellor of
728:"Is Brian Moynihan's Credibility Hurt By Warren Buffett Deal?"
449:"Bank of America Board of Directors Elects Brian Moynihan CEO"
1021:"BofA Chief Moynihan Faces Shareholder Ire as Protests Swirl"
473:. Newsroom.bankofamerica.com. October 1, 2014. Archived from
1356:
241:
97:
1705:
American chief executives of financial services companies
743:"Bank of America Continues to Ignore Market View of Risk"
1057:
Bank of America CEO Brian Moynihan sees big pay increase
816:"BofA Debit Fee Plan Led to 20% Jump in Closed Accounts"
813:
1079:
Bank of America’s Moynihan defends his Boston residency
497:
942:
649:"Bank of America Names Brian Moynihan General Counsel"
1068:
Bank of America CEO ranks high for corporate jet use
404:"A look at Bank of America's new CEO Brian Moynihan"
18:American businessman, banking executive and lawyer
427:"Bank of America names Brian Moynihan as new CEO"
1681:
668:
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279:closures during the last three months of 2011.
763:
705:"Know Your BofA CEO Candidate: Brian Moynihan"
334:Bank of America's 2012 shareholder meeting in
1152:
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814:Susanna Kim, Matt Gutman (January 23, 2012).
725:
663:
272:On December 27, 2011, Julia LaRoche wrote in
1526:Bank of America Corporate Center (Charlotte)
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142:
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31:
1307:Farmers and Merchants Bank of Los Angeles
643:
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617:
615:
600:. 2009 Brown University, Brown Rugby Team
175:, the city's largest corporate law firm.
1018:
424:
182:
621:
425:Augstums, Ieva M. (December 16, 2009).
398:
396:
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957:from the original on September 3, 2024
702:
638:
612:
554:"After Quake, a Lesson in Persistence"
551:
495:
441:
375:and Bank of America's headquarters in
1456:555 California Street (San Francisco)
1282:Citizens & Southern National Bank
1140:
839:
545:
1662:
703:Grocer, Stephen (October 22, 2009).
651:. Bank of America. December 10, 2008
451:. Bank of America. December 16, 2009
393:
326:, and other business organizations.
1166:
764:Jillian Berman (October 26, 2011).
622:Wallack, Todd (November 17, 2009).
165:University of Notre Dame Law School
13:
867:"2020 CEO of the Year Celebration"
791:. Business Insider. Archived from
741:John Carney (September 12, 2011).
510:
371:, and frequently commutes between
233:. The deal not only surprised the
14:
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1387:Provident Institution for Savings
1087:
726:Drew Sandholm (August 25, 2011).
552:Esterl, Mike (January 26, 2010).
1710:American people of Irish descent
1661:
1650:
1649:
1205:
1044:Top Americans For Tax Fairness,
362:
294:In July 2020, Moynihan received
1317:First Republic Bank Corporation
1262:Benj. Franklin Savings and Loan
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981:Corporation | Brown University
598:"Brown Rugby Field Dedication"
568:
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1:
1372:National Westminster Bank USA
1342:Gibraltar Savings Association
386:
1745:Notre Dame Law School alumni
1735:Directors of Bank of America
1382:North Carolina National Bank
1327:Fourth Financial Corporation
1229:Bank of America, Los Angeles
1187:Bank of America Private Bank
1046:Institute for Policy Studies
367:Moynihan currently lives in
329:
259:Dow Jones Industrial Average
7:
1357:MBNA/Maryland National Bank
10:
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1730:People from Marietta, Ohio
1715:Bank of America executives
1337:Gibraltar Savings and Loan
1224:Banc of America Securities
1182:Bank of America Home Loans
406:. Press. December 16, 2009
379:, using Bank of America's
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1234:Bank of America NT&SA
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1042:Top Corporate Tax Dodgers
1023:. San Francisco Chronicle
556:. The Wall Street Journal
377:Charlotte, North Carolina
336:Charlotte, North Carolina
178:
111:
103:
92:
68:
39:
30:
23:
1725:Merrill (company) people
1601:Hearst Tower (Charlotte)
1435:Western Savings and Loan
1352:Mercury Asset Management
1287:Commercial National Bank
1019:Hugh Son (May 9, 2012).
496:fghjkl, fghhgfd (345t).
369:Wellesley, Massachusetts
173:Edwards & Angell LLP
169:Providence, Rhode Island
143:Early life and education
82:University of Notre Dame
1720:Brown University alumni
1495:Bank of America Center
578:. Brown Alumni Magazine
576:"The Brothers Moynihan"
341:San Francisco Chronicle
240:On September 12, 2011,
1570:Bank of America Tower
1530:Bank of America Plaza
1362:Michigan National Bank
1332:G. H. Walker & Co.
1302:E. A. Pierce & Co.
1277:Central Bank and Trust
225:stepped down in 2010.
195:
167:, before returning to
1415:Standard Federal Bank
1407:Security Pacific Bank
1367:Montgomery Securities
1297:Countrywide Financial
1272:Cassatt & Company
707:. Wall Street Journal
251:On October 26, 2011,
186:
147:Moynihan was born in
122:Brian Thomas Moynihan
44:Brian Thomas Moynihan
1440:White Weld & Co.
1292:Continental Illinois
1267:Boatmen's Bancshares
1006:World Economic Forum
843:(January 25, 2012).
320:The Business Council
96:Chairman and CEO of
1740:Catholics from Ohio
1461:701 Brickell Avenue
1244:Bank of New England
1106:Business positions
977:"Brian T. Moynihan"
684:on October 17, 2010
674:"Brian T. Moynihan"
533:. February 13, 2024
324:Business Roundtable
1397:Robertson Stephens
924:. November 8, 2023
898:. November 8, 2023
871:ChiefExecutive.net
847:. Business Insider
626:. The Boston Globe
429:. Associated Press
353:federal income tax
303:In November 2023,
196:
139:on July 1, 2024.
1677:
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1466:Albuquerque Plaza
1135:
1134:
768:. Huffington Post
511:member, bla bla.
202:in January 2009.
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1700:American bankers
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1002:"Brian Moynihan"
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795:on April 6, 2012
787:Julia La Roche.
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137:Brown University
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1392:Rainier Bancorp
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477:on July 9, 2017
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297:Chief Executive
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54:October 9, 1959
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231:Warren Buffett
187:Moynihan with
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1411:Shawmut Bank
1347:LaSalle Bank
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161:Juris Doctor
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133:Rhode Island
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1690:1959 births
1606:Miami Tower
1509:Los Angeles
1420:Sovran Bank
1377:NationsBank
1215:Historical
1094:Appearances
688:October 13,
560:February 2,
263:Jamie Dimon
107:Susan Berry
1684:Categories
1620:Executives
1322:Fleet Bank
1249:BankBoston
1217:components
902:August 20,
387:References
357:tax havens
235:Fast Money
205:He joined
50:1959-10-09
1632:Ken Lewis
1579:Manhattan
1559:St. Louis
1539:Charlotte
1499:Baltimore
1479:Baltimore
1449:Buildings
1430:Suretrade
1175:Divisions
1130:Incumbent
1114:Ken Lewis
513:"bls bla"
330:Criticism
313:pay ratio
305:Bloomberg
223:Ken Lewis
189:President
163:from the
69:Education
1656:Category
986:June 27,
955:Archived
876:June 26,
851:June 11,
820:ABC News
799:April 5,
772:April 5,
749:April 5,
582:July 31,
481:July 31,
171:to join
112:Children
1668:Commons
1584:Phoenix
1544:Chicago
1534:Atlanta
1514:Norfolk
1504:Houston
1489:Oakland
1484:Midland
1258:Baybank
1197:Merrill
1120:CEO of
1027:May 16,
950:AP News
825:May 16,
730:. CNBC.
213:(BofA)
1549:Dallas
1098:C-SPAN
745:. CNBC
678:Forbes
498:"dfgh"
373:Boston
322:, the
215:merged
179:Career
104:Spouse
63:, U.S.
1564:Tampa
1519:Tulsa
157:rugby
153:Irish
1029:2012
988:2024
963:2024
930:2023
904:2024
878:2024
853:2023
827:2012
801:2012
774:2012
751:2012
713:2009
690:2010
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632:2009
606:2009
584:2015
562:2011
539:2024
483:2015
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242:CNBC
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