Shortly after being named the new CEO of Bank of America on Wednesday night, Brian Moynihan discussed the economic and organizational challenges that lie ahead for the Charlotte company and for him. He is scheduled to succeed Ken Lewis on Jan. 1. Following is an edited transcript of the conversation.

American Banker: What was your overall take on the length and publicity of the search? Moynihan: Obviously the board did a thorough job looking at the various candidates.

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