Bank of America Corp's
The paper, citing sources familiar with the matter, said the Charlotte, North Carolina-based bank is struggling to find an outside candidate, and the process is creating factions among the directors.
Some favor an outside candidate, while others prefer replacing retiring CEO Ken Lewis with an executive from among the bank's senior ranks, namely retail bank head Brian Moynihan.
But Moynihan, favored by Bank of America's directors from the former FleetBoston, is coming under increasing scrutiny for his role in the Merrill Lynch buyout last year. The board, the paper reported, is seeking to appoint someone free of such scrutiny.
Bank of New York Mellon
Bank of America did not immediately return calls seeking comment on the Post report.
(Reporting by Joe Rauch, editing by Dave Zimmerman)