McColl: Bank of America on right path

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's current chief executive is doing the right things to fix the company, but it will take time, said Hugh McColl Jr., the retired architect of the second biggest U.S. bank. Brian Moynihan, about to enter his third year as CEO in January, has been selling off assets to build capital, cutting expenses and working to settle lawsuits tied to the bank's Countrywide Financial Corp acquisition. But he still faces pressure to meet new international capital standards, boost revenue and improve a slumping stock price. ...