Bank of America shakes up top management

Brian Moynihan, chief executive officer at Bank of America, shook up the banking giant's management team. David Darnell and Thomas Montag were named co-chief operating officers, while Sallie Krawcheck, head of wealth management, and Joe Price, who led consumer banking, have departed. Barbara Desoer, head of BofA's mortgage business, was removed from Mr. Moynihan's direct-reports list.

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