KENNETH LEWIS
| 2:35PM 2/04/2010
New York Attorney General Andrew Cuomo filed a lawsuit accusing Former Bank of America CEO Kenneth Lewis of misleading investors about Merrill Lynch's mounting losses before Bank of America acquired the firm in late 2008. The bank and its former chief financial officer, Joseph L. Price, were also charged.
| 5:32PM 1/04/2010
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."
| 6:00PM 11/12/2009
Deposed New Jersey Gov. Jon Corzine is the latest name to surface in the mad scramble to replace Bank of America Corp. (BAC) chief executive Kenneth Lewis. This would be among the more spectacularly bad ideas in the history of banking.
Corzine -- who told Bloomberg News that he has not spoken with...
| 10:00AM 10/02/2009
Does anyone who hasn't cured cancer, starred in a YouTube video or can hit a home run out of Yankee Stadium deserve $125 million? It's debatable, but paying such a large amount of money to retiring Bank of America Corp. (BAC) Chief Executive Ken Lewis is simply wrong.
Lewis, whose bank received $45...
| 5:00PM 7/31/2009
It's no secret that there's a lot of customer wrath aimed at banks these days, but it's still easy to wonder if the executives running the joints understand just how angry people are.Well, I think Bank of America CEO Kenneth Lewis demonstrated that he does.He spoke on July 30 in Chicago at the...
| 10:00AM 5/27/2009
Shares of Bank of America Corp. (BAC) are rising in early market trading after the financial services firm announced that it raised $26 billion to meet the requirements of the government's recent stress test.
The Charlotte-based company, which needs to acquire $33.9 billion, got $13.5 billion from...
| 11:00AM 5/08/2009
On Thursday, the federal government released the results of the stress tests that it recently ran on 19 banks. While many banks were essentially given a pass, at least seven will need to raise additional funds if they hope to weather a worst-case economic scenario. Bank of America (BAC), with a...
| 2:00PM 4/21/2009
Treasury Secretary Timothy Geithner does not look much like a boxer, but today he went toe-to-toe with the Congressional Oversight Panel and ducked their questions about the federal bailout of the financial system with a panache that would have made the great Muhammad Ali proud.
Geithner's...
| 7:45AM 4/13/2009
Investors have had little reason to be hopeful during the past two years as the economic news seems to get more depressing by the day. But lately, the stock market has turned optimistic and investors begin the week bracing themselves for any word that the good times may not last.
Stocks appear...
| 5:20PM 3/27/2009
Bank of America Corp. (BAC) may take American International Group Inc.'s (AIG) position as the financial institution Americans love to hate most. Then again, with word coming that the AIG bonuses may have been larger than expected, the insurance company could prove tough to beat.
According to...