Desperately Seeking

Bank of America Can't Find Leader

Bank of America may not meet its own deadline of finding a replacement for CEO Ken Lewis, who on Sept. 30 abruptly announced he was leaving the bank. The Bank of America board had said it would pick a candidate by Thanksgiving, but the Financial Times reported Thursday that its search has been slowed down by the absence of a clear successor and fear that the bank's choice may not meet the approval of the Federal Reserve. Bank of America has been a recipient of $45 billion in federal aid.