The bank plans to name Christian Meissner to be sole head of investment banking, according to the report, published on
The Wall Street Journal's
The report cited anonymous sources familiar with the situation.
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The move would change the current structure, in which Meissner, Michael Rubinoff and Paul Donofrio are co-heads of global corporate and investment banking, the report said. That structure was put in place last April.
A Bank of America representative declined to comment, and Meissner couldn't be reached immediately, the report said.
This article was written by a staff member of TheStreet.