BofA's New CEO Takes the Reins, Saying 'Tough Lessons' Have Been Learned

It's only his first week as CEO of Bank of America (BAC), but Brian Moynihan seems keen to show the world that he's in charge. "The economy is improving," said Moynihan on Monday during his first public speech as head of the nation's largest bank. "We have learned some tough lessons and we are ready to move forward."