Business

摘要

Shareholders at Bank of America chose Walter Massey, a veteran member of its board, to be its new chairman. He will replace Kenneth Lewis, who stays on as president and chief executive. Daniel Bouton, the chairman of Societe Gene-rale, France's third-largest bank, announced on April 29th that he would step down. bp's first-quarter net income of $2.56 billion was 64% lower than a year earlier. Like other oil companies, it has been hit by the steep decline in oil prices, which have fallen by more than $100 a barrel from their peak in July last year.