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News Update: Bank of America (NYSE: BAC) Combines Global Card Services With Deposits

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3/2/2010-Bank of America (NYSE:BAC) announced Tuesday that it is combining the leadership of the Global Card Services and Deposits under Susan Faulkner. The combined business will report to Joe Price, president of bofa’s Consumer, Small Business & Card Banking. Ric Struthers decided to leave the company, but will stay on to help with transition. Shares of Bank of America are trading slightly lower Tuesday, down $0.1% to $16.69.

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