BAC Bank of America Corporation

Michele Foresti, who was scheduled to be the head of Bank of America Corp.'s (BAC) European bond trading, resigned due to a lack of U.K. regulatory approval for the appointment, Bloomberg News reported Wednesday, citing two people with direct knowledge of the move.

An internal Bank of America memo in March said Mr. Foresti would start in June.

Bloomberg previously reported that he was unable to officially start due to a regulatory delay.

Full story at: http://www.businessweek.com/news/2014-12-24/foresti-said-to-depart-bofa-after-half-year-in-regulatory-limbo

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires