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Highly misleading article and low quality journalism trying to connect two unrelated facts for sensationalism, they should be ashamed.

  1. BofA decided to merge its FinTech team (previously part of FIG) into its Tech team (part of TMT) because FinTech these days is closer to software than traditional, asset-heavy financial institutions
  2. This means that Gary Howe (Co-Head of FIG at BofA) does not oversee FinTech anymore
  3. The article somehow tries to claim that this is a punishment for Leo Lukenas' death, whereas in reality this is just a team structure reshuffle in which Gary Howe is loosely involved

You don't hate journalists enough. You think you do, but you don't.

 

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