Bank of America is overhauling one of its most high-profile and lucrative businesses, its $8.4 billion fixed-income trading division.
| |  | Bank of America is overhauling one of its most high-profile and lucrative businesses, its $8.4 billion fixed-income trading division.
The bank is forming two new units and appointing new leadership.
As part of the changes, Frank Kotsen, global head of credit trading and a 23-year company veteran, is departing the firm.
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