MUST READ: A big reorg is underway in Bank of America's bond-trading division, and the global head of credit is leaving

Bank of America is overhauling one of its most high-profile and lucrative businesses, its $8.4 billion fixed-income trading division.

A big reorg is underway in Bank of America's bond-trading division, and the global head of credit is leaving the firm. We have the memo with all the moves. Bank of America is overhauling one of its most high-profile and lucrative businesses, its $8.4 billion fixed-income trading division. The bank is forming two new units and appointing new leadership. As part of the changes, Frank Kotsen, global head of credit trading and a 23-year company veteran, is departing the firm. Read now on BI Prime → Email sent to: ipat39@gmail.com   |   Unsubscribe Terms of Service   |   Privacy Policy © 2019 Insider Inc. 1 Liberty Plaza, New York, NY 10006