Ken Lewis Resignation rumours Swirl

Talk of an imminent departure for Ken Lewis is heating up tonight.

On the same day The Journal ran a profile of a likely successor, a high level Wall Street source tells us that active discussions are underway at Bank of America (BAC) for its longtime CEO to step aside. The exact timeframe of a Lewis departure is unclear.

The top candidate to replace him, Brian Moynihan, is a lawyer by training who’s currently in charge of the Merrill Lynch unit. The talk today was that he’d have to deliver a successful integration to get the top job, but it looks like things could come a lot sooner than that.

In an interview today with Fox Business, Lewis said that any number of top lieutenants would be prepared to step in once he goes down.

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