Foreign news: BoA may restore executive chairman role, banking school for KL

Banking Day staff
  • Bank of America plans to hold a shareholder vote on the change the board made in October to company bylaws to allow chief executive Brian Moynihan to also be chair of the board. Reuters reports the board's action in October reversed a move by the company during the financial crisis to have separate people be CEO and chairman.
  • Kuala Lumpur will soon be home to a new Asian banking school that will produce professional bankers in Malaysia and the ASEAN as a whole. The Asian Institute of Chartered Bankers said it would fund the banking school.