Bank of America Corp.’s global banking and markets division is recovering after credit-rating downgrades ignited concern among clients and trading partners, said co-Chief Operating Officer Thomas K. Montag.
Executives from the firm traveled around the world to reassure corporate clients that the Charlotte, North Carolina-based company was a steady partner after Moody’s Investors Service cut the bank’s credit grades in September, Montag said in a Jan. 19 staff meeting.
