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BofA CFO departure follows the moves of other finance chiefs

Jul 24, 2015 - SNL Financial
Board and Executive Moves

The planned departure of Bank of America Corp.'s Bruce Thompson is the latest example of CFO turnover at the nation's biggest banks and could serve as a headwind to BofA's stock in the near term.

BofA announced after the closing bell July 22 that CFO Bruce Thompson was stepping down and that Paul Donofrio, CFO of consumer banking and global wealth and investment management (GWIM), would replace him, effective Aug. 1. Vice Chairman David Darnell, who oversees GWIM, will retire in the fourth...