Bank of America Can't Find Leader

Desperately Seeking

Updated Apr. 25, 2017 11:54AM EDT / Published Nov. 12, 2009 12:59AM EST

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.

Read it at Financial Times

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Bank of America Can't Find Leader