The number of Managing Directors promoted at Bank of America (BAC.US) this year increased by 16% year-on-year.

According to foreign reports, Bank of America (BAC.US) has promoted 387 employees to managing director, an increase of 16% compared to last year. More than half of those promoted to senior positions are women or people of color, demonstrating the bank's commitment to improving diversity across the company and in its executive ranks.

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