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Bank of America vote allows Moynihan to stay chairman

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Bank of America (Swiss: BAC.SW - news) chief executive Brian Moynihan will keep his chairman post after a majority of shareholders backed the appointment Tuesday, outvoting critics who wanted to split the posts.

About 63 percent of shareholders of the second-largest US bank by assets voted to keep Moynihan as chairman, according to preliminary results announced by BofA at a special shareholder meeting.

"We are pleased our shareholders had the chance to express their views, and we appreciate their support to continue driving our...