Three is the magic number for BofA

By David Rothnie
02 Jul 2020

Bank of America hopes that a new management team built on a culture of intensity will enable it to meet its top three goal in Europe, the Middle East and Africa, writes David Rothnie.

When Bank of America acquired Merrill Lynch in 2008, its ambition was to displace JP Morgan at the summit of global investment banking. Since then, JP Morgan has emerged as the undisputed champion on both sides of the Atlantic, eclipsing Goldman Sachs.

While BofA sits ...

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