On This Day - What happened 1 January 2010 AD

On January 1, 2010, Eighteen FARC rebels were killed when the Colombian Air Force bombed a jungle camp in Southern Colombia. Colombian troops of the elite Task Force Omega then stormed the camp, capturing fifteen FARC rebels, as well as 25 rifles, war materials, explosives, and information which was given to military intelligence. In Southwestern Colombia, FARC rebels ambushed an army patrol, killing a soldier. The troops then exchanged fire with the rebels. During the fighting, a teenager was killed in the crossfire.

Ken Lewis, who had lost the title of Chairman of the Board, announced that he would retire as CEO effective December 31, 2009, in part due to controversy and legal investigations concerning the purchase of Merrill Lynch. Brian Moynihan became President and CEO effective January 1, 2010, and afterward, credit card charge offs and delinquencies declined in January. Bank of America also repaid the $45 billion it had received from the Troubled Assets Relief Program.