Bank of America Plans Shakeup: Report

NEW YORK (TheStreet) -- Bank of America (BAC) - Get Report plans to change the leadership structure of its investment-banking business, according to a published media report.

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

Web site.

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.