Moynihan possible successor to Ken Lewis at BofA: report

Lewis, who has led the bank since April 2001, has indicated that he could go away once upon a period the contemporary pecuniary turning-point is above and definitely plans to depart within three years, the newspaper said, citing people known with the matter.

Moynihan, who replaced former Merril Lynch chief John Thain in January, is on the working listing of passing on candidates, the Journal said in a account posted on its website.

Other candidates beneath outlook embody mortgage chief Barbara Desoer and Chief Financial Officer Joe Price, the newspaper said.

Bank of America shares be obsessed gone circular 75 percent of their value since 61-year-old Lewis took above and he has faced growing judgment from investors and analysts who accused him of overpaying representing Merrill Lynch.

Reuters efforts to reach Bank of America exterior custom accountability hours were unsuccessful.

(Reporting close by Vikram S Subhedar in Bangalore; Editing close by Greg Mahlich)