NEW YORK (
Bank of America's
Keith Banks, head of BofA's private-banking unit U.S. Trust and asset manager Columbia Management, told employees earlier this week he will stay in his current job for an undetermined transitional period, casting doubt on his future, a report says.
Banks didn't specifically state that he's leaving Bank of America, the
Wall Street Journal
reports, citing people familiar with the situation. But his remarks are being interpreted as a sign of another likely shakeup in BofA's top management ranks.
Earlier this week, Daniel Sontag, who has spent more than three decades with BofA's
division, said he is retiring after BofA hired former
executive Sallie Krawcheck as his boss. His
in a months-long string of top executives and brokers leaving because of clashes with BofA's investment banking division, and intense scrutiny from lawmakers and the public.
Banks currently is head of global private client, institutional and investment management.
, meanwhile, reported Thursday that Banks said he was leaving the company. A Bank of America spokeswoman said it was too early to say who will fill out Krawcheck's management team, but she said Banks would remain for a transition period, the newspaper notes.
Bank of America is seeking a buying for the Columbia Management division.
-- Reported by Joseph Woelfel in New York