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Bank of America Corp (NYSE:BAC):  Current price $12.21

Bank of America executives, including Alex Wilmot-Sitwell, President of European and Emerging Markets excluding Asia, said in a memo to employees that they have  hired former Morgan Stanley banker Joaquin Arenas as Head of Corporate and Investment Banking for Spain and Portugal. Arenas, 48, will be based in Madrid and start in May after leaving Morgan Stanley. The contents of the memo were confirmed by a Bank of America spokeswoman in London.