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Mr. Moynihan will unveil the initial results of the bank's Project New BAC restructuring initiative, named after its stock ticker symbol.
The restructuring initiative announced on Thursday will affect all of the company's 11 parks.
The secretary-general continued the restructuring initiative of the UN Department of Peacekeeping Operations DPKOO) that he began in 2007.
In addition, the bank raised its projected cost-cutting targets under its "New BAC" restructuring initiative, predicting an additional $3 billion in savings by mid-2015.
But 30,000 jobs, roughly 10 percent of the company's work force, could be eliminated over the next three years as a result of the restructuring initiative known as Project New BAC.
Schultz comes back to lead a major restructuring initiative.
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In its statement, Dubai made clear that changes would come at Dubai World, through sales of noncore operations and other restructuring initiatives.
"Against the backdrop of an uneven economic recovery, these restructuring initiatives are designed to make American Express more nimble, more efficient and more effective in using our resources to drive growth," the company's chief executive, Kenneth I. Chenault, said in a statement.
It is uncertain whether we will be able to develop and implement adequate restructuring initiatives, which businesses will remain part of our operations and whether we will succeed in operating without the support of the U.S. government").
"In 2013 we expect further benefits to come from restructuring initiatives and the launch of new subscription packages that provide our readers different and innovative ways to access our content".
The Bydureon delay was "very troubling" and suggested Lilly may "seek more drastic restructuring initiatives with this dimming outlook," analysts for Barclays Capital, in a note to investors, said But Dr. Lechleiter said the companies plan to submit new Bydureon data to the F.D.A. by the end of 2011 and were confident of approval.
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