BofA Finally Settles on New CEO

PROMOTION

Updated Apr. 25, 2017 11:24AM EDT / Published Dec. 16, 2009 3:55PM EST

Well, at least one person in America was able to find a new job this month. Brian Moynihan, head of Bank of America's consumer and small-business banking operations, was named new CEO of the banking giant, succeeding Ken Lewis, who announced his retirement in September following the controversial acquisition of Merrill Lynch. BofA has experienced a turnaround in recent months with the resurgence of the stock market, and announced this month that it would pay back its $45 billion government loan.

Read it at The New York Times

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BofA Finally Settles on New CEO