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NEW YORK (CNNMoney.com) -- Ken Lewis, the beleaguered CEO of Bank of America, announced Wednesday that he will retire at year's end. There was no successor named. Lewis, who was stripped of his chairman title in April, will also step down from the board. "Bank of America is well positioned to meet the continuing challenges of the economy and markets," said Lewis, 62. "I am particularly heartened by the results that are emerging from the decisions and initiatives of the difficult past year-and-a-half. The Merrill Lynch and Countrywide integrations are on track and returning value already.