Could Bank of America’s CEO leave his job to be Treasury Secretary?

There have been rumors of Janet Yellen leaving the White House for a year now but with the midterms done, maybe it actually happens this time.

Fox Business’ Charlie Gasparino reports that one of the front-runners if she ‘leaves’ is Bank of America CEO Brian Moynihan.

I don’t think he would have any trouble getting confirmed and it makes me wonder if he has larger political aspirations. He’s would be walking away from something like $20m/year in compensation, though with shares down 29% YTD, he wouldn’t be walking away from much of a bonus this year. In any case, he’s been at the top of Bank of American for a decade so he’s certainly not hurting for cash.

Articles You May Like

WTI crude oil futures settle at $81.62
Canadian dollar falls after the Bank of Canada signals a move to the sidelines
The Most Accurate Supertrend Trading Strategy – 100% Profitable Strategy | NEW Supertrend strategy
USDCHF moves lower with the USD today
🔴Live Forex Trading Scalping 1 Minute Entries (GOLD, GBPJPY, NAS100) – Jan 23rd 2023

Leave a Reply

Your email address will not be published. Required fields are marked *