Posted by
alfredlester on Saturday, April 16, 2011 12:18:31 PM
NEW YORK (Reuters) - Bank of America Said it has Hired Gary Lynch, director of enforcement training at the U.S. Securities and Exchange Commission, to head icts legal, compliance, and Regulatory relations efforts.
Lynch WAS Previously chief legal officer at Morgan Stanley.
Many big banks like Bank of America IS Dealing with multiple legal and Regulatory Issues now, Including procedures for challenges to STI were foreclosing homes and new rules That Affect Everything from debit cards to retail brokerage.
Lynch, SEC At The Who Brought Against boxes Ivan Boesky and Michael Milken, IS famous for Helping Their reputations restore banks after legal Setbacks cheapest personal loan rates.
Lynch&&9;s hire IS part of a management shake-up by chief executive Brian Moynihan aussi That Gave The Bank has new chief financial officer, Bruce Thompson.Thompson, Currently Chief Risk Officer, Will replace Chuck Noski, Who Will Become vice chairman of The Banker.
Bank of America Announced More Than a 35 percent decline in first quarter earnings on Thursday, hurt by Loss in icts mortgage unit.
(Reporting by Dan Wilchins in New York, editing by Jackie Frank)
Bank of America hires former SEC official Gary Lynch