Bank of America will expand business in Boston
July 6, 2009
By MoneyAisle
According to the Boston Herald, Bank of America is planning on expanding its operations in Boston, despite the recent sale of its Columbia Management unit.
Brian T. Moynihan, a top Bank of America executive told reporters that he wants to increase the company’s wealth management business in both Boston and across the country.
“’It has to be bigger than it is now,’ Moynihan said. ‘We have now stabilized where we are and we are growing in Massachusetts and everywhere. There’s not a market where our market share can’t be bigger.’”