Bank of America boss Brian Moynihan is finally getting religion on risk-taking — here's why
1. Moynihan promotes Jim DeMare, a trading expert, as potential successor. 2. Promotion indicates Moynihan's shift towards risk-taking under pressure from critics. 3. DeMare's capital markets expertise positions BofA to better compete with JPMorgan. 4. Moynihan's cautious approach has hindered stock performance compared to JPMorgan. 5. Concerns rise about Moynihan's longevity as CEO amidst internal unrest.