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Bank of America(BAC Quote) continues hiring in and lending aggressively out of its investment banking unit, taking advantage of cautiousness on the part of its competitors to gain market share and snap up some talented executives.
Sources say BofA's latest hire is Chris Hogg, a longtime Goldman Sachs(GS Quote) executive who was in charge of the Wall Street firm's unit that helps its financial institutions clients raise money.
Though BofA CEO Ken Lewis said last year that he had "had all the fun [he could] stand in investment banking," he has lately been making more positive statements about that business, which accounted for $9.1 billion, or 24%, of the bank's $37.3 billion in second quarter revenues. ...
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