Skip to main content

BofA C.F.O. Nostalgic For The "Good Times," Sick Of Doing All The Work For None Of The Credit


Bank of America's Chief Financial Officier, Alvaro de Molina, will resign at the end of the year, DealBook reports, finding his 16-month old job "suffocating," etc.

“The role of the C.F.O. and the C.E.O. are not as fun as they used to be from a regulatory standpoint, but the C.E.O. gets to run the show,” he said. “The C.F.O. of a well-run company gets all of the guts but none of the glory.”

But does de Molina's exit have anything to do with greener pastures elsewhere, perhaps?

When asked about a possible job as an executive at Citigroup, he told The Times: “The last I checked they had their management team intact and a very capable” executives. But when pressed, he added, “I am not ruling anything out.”

Bank of America C.F.O. Leaves in Search of Glory [DealBook]


Bank Of America All Of A Sudden Too Good For John Paulson

Apparently some investors in the hedge fund are willing to stick out bets on Greece and Puerto Rico, while others? Not so much.