Bank of America’s Moynihan total pay for 2011 hits $8.1m

BANK of America chief executive officer Brian Moynihan made $8.1m (£5.1m) in total compensation last year, more than four times the $1.9m he received in 2010, according to a filing with the US Securities and Exchange Commission yesterday.

The news came as it emerged that Moynihan was compiling an international advisory board in a bid to boost business from overseas, in a switch for the US-focused bank.