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Brian Moynihan seems keen to show the world that he's in charge of Bank of America. In his first public speech as head of the largest U.S. bank, the BofA insider says the industry is 'ready to move forward' after learning "tough lessons."

Bank of America's (BAC) board of directors chose consumer banking chief Brian Moynihan to replace Ken Lewis as CEO on Jan. 1. Their pick of an internal candidate on Wednesday followed unsuccessful attempts to hire a star industry executive for the top job at the nation's largest bank. Those...