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Thain’s departure leaves BofA chief in line of fire

By Francesco Guerrera in New York

Published: January 22 2009 22:47 | Last updated: January 22 2009 22:47

September 15 2008 was a proud day for Ken Lewis.

In the midst of a financial meltdown that had just tipped Lehman Brothers into bankruptcy, the chief executive of Bank of America had crowned his 39 years in banking by winning a long sought-after prize: the acquisition of Merrill Lynch.

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