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Bank of America CFO steps down in shake-up (access required)

NEW YORK (AP) — Bank of America’s second-in-command is out of a job following a management shake-up announced late Wednesday. Bruce Thompson, Bank of America’s chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan ...

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Why banks made more money last quarter (access required)

NEW YORK  — Wall Street and Main Street gave banks a boost last quarter. Fees from corporate mergers and commissions from trading fueled profits at big financial firms. But average Americans also helped by taking out more home loans and ...

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