Bank of America announced that Brian T. Moynihan, 50, head of the bank’s consumer and small business banking unit will replace Ken Lewis as president and CEO effective January 1. Prior to this announcement, it was rumored that Bank of New York chief Robert Kelly was in talks. Moynihan joined FleetBoston Financial in 1993 as [...]

Bloomberg reports that Bank of New York chief Robert Kelly is in talks with Bank of America to take the CEO slot from Ken Lewis. Regardless of whether Kelly takes it, it’s easy on the one hand to understand why this slot has been so hard to fill. But on the other hand, as JW [...]