Wall Street Beat: Bank of America Puts a New Generation to Test - NewsBreak

Bloomberg – There was JPMorgan, then Morgan Stanley. Now Bank of America is elevating a swath of new leaders — the bank's biggest shift in talent in a generation. Bank of America CEO Brian Moynihan has no plans to step down in the coming years, signaling to his team that he intends to stay throughout the decade, sources familiar with the matter tell Bloomberg's Katherine Doherty, who was first with the news. And as his long-time deputy Tom Montag steps down, there's no formal successor in his place.