Bank of America's CEO makes a splash in his first 100 days

Bank of America's CEO makes a splash in his first 100 days
Tags: Bank / Credit Union, Public Companies
May 31, 2010

Brian Moynihan, the new CEO of Bank of America, has brought a new style to the company during the first 100 days of his tenure.

According to The Seattle Times, the 50-year-old Moynihan has rolled out a number of customer-friendly policies, like making Bank of America the first major bank to eliminate overdraft fees. The bank also announced it would freeze interest rates on existing balances held by small business credit card holders.

In addition, Moynihan has helped the company post its first profit in three quarters during the first quarter of 2010.

"We are pleased we are back to profitability, but we are not satisfied," Moynihan said.