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Current CFO Doug Braunstein will become the banks vice chairman.

Deepwater Horizon spill in 2010 killed 11 workers, sent millions of barrels of oil into Gulf.

Deepwater Horizon spill in 2010 killed 11 workers, sent millions of barrels of oil into Gulf.

Half of the 40 biggest U.S. companies have announced plans to cut spending this year or next.

Half of the 40 biggest U.S. companies have announced plans to cut spending this year or next.

LIFO inventory accounting and deductions benefiting fossil fuel companies among those facing the axe.