Deals
Comerica Should Sell Itself or Get New CEO, CLSA’s Mayo Says
- Shareholders may consider voting CEO out, according to analyst
- Bank is a test case to see if industry has reformed, Mayo says
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Comerica Inc. should either find a buyer or look for a new chief executive officer, according to Mike Mayo, an analyst at CLSA Ltd.
“What we’re calling for at Comerica is greater accountability,” Mayo said Wednesday in an interview with Tom Keene on Bloomberg Television. “If Comerica doesn’t sell, they should get a new CEO.”