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It is now coming up to eight years since Brian Moynihan succeeded Ken Lewis as chairman and chief executive of Bank of America and set about simplifying the company, strengthening its balance sheet and, backed then by a new senior management team, creating a new culture for the bank as it fought back from the global financial crisis.
In the years since, the bank has never quite enjoyed the stature of JPMorgan, which has a bigger balance sheet and earns more money, or the cachet of Citigroup with its international network of consumer banks.
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