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Bank of America CEO does not plan on leaving in short term, Reuters says

Bank of America (BAC) CEO Brian Moynihan does not plan to leave the bank in the short term, but the company has begun lining up candidates with experience to potentially take his position in the future, Reuters reports, citing comments made in an interview. “I’m not going anywhere in the short term, but in the medium term… it takes a while to set that up and get people used to the size and scale this company,” Moynihan said, according to Reuters.

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