Pressure from institutional investors is starting to build on Bank of America's board to name an outsider to replace Ken Lewis, who retires as chief executive at the end of the year.
Three institutional investors have urged BofA to look beyond internal candidates, according to people familiar with the matter. Another institutional shareholder, Northern Trust, is planning to raise concerns.
Two insiders – retail banking chief Brian Moynihan and chief risk officer Greg Curl – have been tipped as the lead candidates among BofA executives.
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