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Thursday, Nov 5, 2009BofA’s consumer bank chief eyes CEO job
Posted by dgore
GRAZIADIO IN THE NEWS
Bank of America’s consumer banking chief, Brian Moynihan, a leading candidate to replace outgoing chief executive Kenneth Lewis, told an audience of businesspeople at an event sponsored by Pepperdine University’s Graziadio School of Business and Management, that there were growing signs that the U.S. economy was pulling out of recession.
He estimated that the economy would grow 2 to 2.5 percent in 2010 — still less than trend growth.
“The worst of the financial crisis is behind us. I don’t think we give ourselves enough credit for what we’ve been through,” he said.[Full Article]
Video of Mr. Moynihan’s address at the Dean’s Executive Leadership Series is available on-demand.
Source: Gina Keating, Reuters
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