BofA’s Moynihan Says Lender Has Prepared for ‘Turbulent Times’
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan told employees in a year-end letter that he bolstered the firm against risk and will make more improvements in 2012.
“We greatly strengthened our risk culture in 2011, and that work has laid the foundation that will carry us through whatever turbulent times may lie ahead,” Moynihan wrote in a letter posted yesterday to an internal employee website. A copy of the message was obtained by Bloomberg News.