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...whoever takes over from Lewis will have a tough job returning the bank to the position it was in on the eve of the credit crisis. Lewis seems to agree. In the resignation e-mail that went out to employees, Lewis wrote, "I am disappointed in how we managed credit risk. The next two quarters will be difficult...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...That same year, took a job as a credit analyst at North Carolina National Bank and began his long climb to the top. The bank was swallowed by a series of larger firms, eventually merging into Bank of America...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

...Reported to a new position in Florida less than 24 hours after being asked to run a string of bank branches in 1985. (Read "Bank of America Officials May Face Charges...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

Fast Facts: • Born April 9, 1947, in Meridian, Miss. His family lived 50 miles away in Walnut Grove, but the small town lacked a hospital. Grew up in Columbus, Ga. (Read "The Rise and Sudden Fall of Bank of America's Ken Lewis...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

...beard should have given him away. When Bank of America CEO Kenneth Lewis returned from vacation in Aspen, Colo., last month, the clean-cut Southerner was sporting scruff for the first time in memory. That wasn't the last change he had in store: on Sept. 30, Lewis unexpectedly announced he will step down by the end of the year, leaving the giant bank scrambling to find a successor. The 62-year-old garnered plaudits as he climbed the firm's rungs over 40 years, but he has absorbed a series of blows for his stewardship of the company during...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

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