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Moynihan succeeds Lewis as Bank of America CEO

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Brian Moynihan has replaced Ken Lewis as chief executive of Bank of America Merrill Lynch. The bank had been looking for a successor since Lewis announced his resignation in September 2009.

In August, the bank repositioned a number of senior executives to compete for the role. Moynihan, president of consumer and small-business banking took over consumer banking; Tom Montag, head of global markets, took on corporate and investment banking; and Sallie Krawcheck, ex-Citigroup chief executive of

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