Brian Moynihan is 50 years old and he works for Bank of America. So, it is a promotion for him. He was the chief of consumer banking and he is replacing Kenneth D. Lewis as CEO. He is taking the helm of the company at a time when the US economy is slowly coming out of economic recession. The worst is over but still the economy is not totally out of recession. So, he will have to devote a lot of his time and energy to bring Bank of America out of the bad times.
Bank of America has global presence and it works with clients of more than 150 countries.
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