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Bank of America CEO sees pay rise 15% to $26.5m

Brian Moynihan receives largets pay package since becoming the bank's chief executive in 2010

Bank of America chief executive Brian Moynihan received a compensation package valued at $26.5m last year, a 15% raise from the $23m he earned in the prior year, according to a securities filing.

Moynihan, who has run the bank since 2010, earned a base salary of $1.5m, unchanged from the prior year. He was awarded $25m in stock, half of which was performance-restricted stock units, and received no cash bonus, according to a filing with the US Securities and Exchange Commission.

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