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Bank of America plans international advisory board: sources

thenakedemperor Wrote: Apr 11, 2012 5:24 PM
Not only has BofA’s CEO, Brian Moynihan achieved in ambition the level of his predecessor Ken Lewis, but he has proven himself to be a true master of financial greed. http://www.thenakedemperor.com/oligarch/brian-moynihan

By Rick Rothacker

Charlotte, North Carolina (Reuters) - Bank of America Corp <BAC.N> is looking to create an international advisory board that could help steer chief executive officer Brian Moynihan's overseas strategy, according to sources familiar with the matter.

The panel, which is in an early stage of development, would be similar to the international council at JPMorgan Chase & Co <JPM.N>, the sources said. That group is led by former British prime minister, Tony Blair.

In the past two years, Moynihan has shed investments in foreign banks such as China Construction Bank Corp <0939.HK> <601939.SS>, to build capital, even...

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