April 24 Bank of America Corp named
Geoffrey Greener its new chief risk officer following Terry
Laughlin's movement to a new role.
Greener, an enterprise capital management executive, will
now be part of the senior management team, the bank said.
Laughlin's new duties will include corporate strategy and
enterprise client coverage.
He will also oversee an internal initiative to identify
opportunities to simplify work flow and invest in the bank's
The U.S. Department of Justice is asking the Charlotte,
North Carolina-based bank to pay more than $13 billion to settle
allegations that it overstated the quality of mortgage bonds it
sold during the housing bubble, according to a report by
Bloomberg News earlier on Thursday.
(Reporting by Sampad Patnaik in Bangalore; Editing by Bernard