CHARLOTTE, N.C., Dec. 2 (UPI) -- Applicants for the top job at Bank of America, the largest U.S. bank, have recommended paring down the bank's size, sources close to the executive search said.
Sources said that Michael O'Neill, a director at Citigroup Inc. and former chief executive officer of Bank of Hawaii Corp., recommended the board of directors study options for breaking up the bank, an idea that clashed with the strategy preferred by some search committee members, The Wall Street Journal reported Wednesday.