BofA Finally Settles on New CEO

Well, at least one person in America was able to find a new job this month. Brian Moynihan, head of Bank of America's consumer and small-business banking operations, was named new CEO of the banking giant, succeeding Ken Lewis, who announced his retirement in September following the controversial acquisition of Merrill Lynch. BofA has experienced a turnaround in recent months with the resurgence of the stock market, and announced this month that it would pay back its $45 billion government loan.