13 Sep 2025 | 5 Mins Read
Bank of America elevates trading head in leadership shake-up
Flipitmoney
Bank of America plans a leadership shake-up, focusing on internal promotions, particularly with Jim DeMare, 56, expanding his role in trading, and promotions for other senior leaders. This move comes as CEO Brian Moynihan considers succession with no publicly identified candidates yet. Bank of America's shares have underperformed peers, returning 34% since 2022, compared to 78% for major rivals.