Brian Moynihan

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Brian Moynihan

Brian Thomas Moynihan (born October 9, 1959 in Marietta , Ohio ) is an American manager .

Life

Moynihan grew up in a large Irish Catholic family in Marietta, Ohio.

At Brown University and the University of Notre Dame Law School studied Moynihan economics and law. After graduating, he first worked at Fleet Financial, a bank in Rhode Island. After this bank took over the Bank of New England and Bank Boston, it was merged with Bank of America in 2004.

Moynihan has been President and CEO of the US company Bank of America since 2010, succeeding Ken Lewis . He is pursuing a more conservative course than his predecessors and is trying to use a series of drastic measures to lead the bank out of the crisis. In June 2011, for example, he compensated a group of investors who bought bad mortgages from Bank of America with the very high sum of 8.5 billion dollars. He reorganized top management, got investor Warren Buffett to invest five billion dollars in the bank, sold the bank's assets worth 15 billion dollars and announced a restructuring program that would lay off 30,000 workers.

Moynihan is married to Susan E. Berry and has three children.

literature

Web links

Individual evidence

  1. Forbes: Brian Moynihan ( Memento of the original from April 11, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / people.forbes.com
  2. ^ The Boston Globe: Bank of America names Brian Moynihan as new CEO
  3. Süddeutsche Zeitung of September 17, 2011, page 24