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Moynihan’s Succession Drama and Powell at Jackson Hole

Bank Of America CEO Brian Moynihan in 2020
Photo by John Lamparski/Getty Images
William D. Cohan
August 29, 2021

Since I began writing my column for Puck, I’ve been inundated with feedback about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.

“Let the Games Begin”: The Succession Derby Inside BofA

The New York Times recently reported that Anne Finucane and Thomas Montag, who helped repair Bank of America’s profits and reputation in the wake of the financial crisis, are retiring at the end of the year. Of course, BofA still lags its Wall Street peers, and has yet to reclaim its peak valuation from 2006. What’s your read on where C.E.O. Brian Moynihan takes the bank from here?