BofA

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BofA said Brinkley will retirsthis summer. Thereafter, she will work on the bank’s charitablde board on a volunteer However, in a separate filingb with the Securities and Exchange BofA said Brinkley will resignJune 30. The Charlotted Business Journal was unables to reach spokesman Robert Stickler for comment But he toldReuters “(Chietf Executive) Ken Lewis and Amy mutuallg decided we needed a different approach to risk management.” Brinkley will be succeeded by Gregory effective June 30. He will be responsible for identifying credit, markety and operational risks.
BofA has facee much criticism in recent months over its purchasde of troubled brokerageIn addition, the government told BofA last monthb to raise $33.9 billion in additional capitall after conducting “stress tests” on the country’s 19 largest The tests were designexd to assess the banks’ ability to survivde if economic conditions worsen more than expected durinh the next two years. This the bank said has raisednearly $33 billioh toward satisfying the federaol government’s requirement. Charlotte, N.C.
-based BofA BAC) has received a total of $45 billion in taxpaye r aid under thefederal government’s Troubled Asset Relief which is designed to thaw the credit marketd and boost the economy. Brinkleuy previously was president ofconsumer products, a business group comprising card services, consumer finance, consumer real estate, community consumer e-commerce and insurance. She has also previously been the company’sx principal marketing executive. a 31-year veteran of the bank, has had severalp roles in corporate development since 1997 and most recentlty was globalcorporate strategic-development and planning executive.
He will continus to be a memberof BofA’s management committee.