Bank of America faces senior banker departures
Bank of America has experienced several high-profile banker departures to rivals like JPMorgan Chase. In response, top executives reassured staff of ongoing investments and continued hiring ambitions.
Xurve View
Insights:
Xurve View
BANK OF AMERICA CORP lost veteran dealmaker Amy Lissauer to JPMORGAN CHASE & CO in August, sparking internal concerns over elite talent retention. The departures of several senior rainmakers have shaken the nation's second-largest bank during a capital-markets boom. The losses threaten to erode morale and reinforce perceptions that the firm is falling behind Wall Street rivals in investment banking fees.
