updated - June 2, 2020 Tuesday EDT
Bank of America Corp. (BofA), who provides most of the dollar notes dispensed by banks in Angola, is stopping the supply of U.S. dollar bills to banks in Angola, two people familiar with the matter told Bloomberg. Angolan banks are encouraging residents to start using euros, South African or Chinese currencies instead as greenbacks become scarce.
The Bank of America (BofA) has announced in a press release that Brian Moynihan, the company’s chairman and CEO, will keep both of his posts after shareholders approved the proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure.
The California Public Employees' Retirement System (Calpers) and the California State Teachers' Retirement System (Calstrs) have opposed Bank of America’s amendment of the company’s bylaws that would allow Brian Moynihan to continue as the bank’s chairman and CEO, according to a report from Reuters.
The Bank of America will be holding the shareholder vote this year to determine if Brian Moynihan, CEO of Bank of America, can keep his chairman title, according to a report from the Wall Street Journal.
Several top U.S. companies have promised to support the Obama administration's latest initiative to address climate change, committing $140 billion in investments to reduce carbon emissions ahead of a United Nations summit this year.