The bank is quick to select and narrow down its options for Ken Lewis’ replacement who last week announced his intentions of stepping down as CEO of the bank by the end of the year. WSJ is reporting that it is now down to two internal candidates although they are still looking at some candidates from outside. The two are BofA Chief Risk Officer Gregory Curl and Chief of Consumer and Small Business Banking Brian Moynihan. An interesting part of the report states that if Curl were to be the replacement, he’s likely to stay only for 2 years while Moynihan could be there for a longer period.
Read the story here.