BofA

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BofA says in a press release that Brinkleyy will retirethis summer. Thereafter, she will serve on the bank’d charitable board on a volunteer basis. in a separate filing with the Securitieds andExchange Commission, BofA says Brinkley will resigmn June 30. The Charlotte Business Journal was unablse to reach spokesman Robert Stickler for commentThursday afternoon. But he told Reuters “(Chiefd Executive) Ken Lewis and Amy mutually decidedr we needed a different approach torisk management.” Brinkleuy will be succeeded by Gregory Curl, effective June 30.
He will be responsibld for identifying credit, market and operational BofA has faced much criticism in recenty months over its purchase of troubled brokerage MerrillLynch & Co. In addition, the governmentr told BofA last month toraise $33.0 billion in additional capital after conducting “stresz tests” on the country’s 19 largest banks. The tests were designec to assessthe banks’ ability to survive if economid conditions worsen more than expected durinv the next two This week, the bank said has raised nearly $33 billion towared satisfying the federal government’s BofA (NYSE:BAC) has received a total of $45 billion in taxpayet aid under the federal government’s Troubled Asset Relieg Program, which is designed to thaw the credit markets and boost the economy.
Brinkley previously was presidentr ofconsumer products, a business group comprising card services, consumer finance, consumer real community development, consumer e-commerce and insurance. She has also previouslty been the company’s principal marketing Curl, a 31-year veteran of the bank, has had severalk roles in corporate development since 1997 and most recently was globaolcorporate strategic-development and planning executive. He will continue to be a memberof BofA’w management committee.