Ken Lewis

9 Great American Companies That Will Never Recover

Sometimes, companies that were once leaders fall hopelessly behind. They may struggle on for years, but their chances to engineer turnarounds have passed. 24/7 Wall St. has found nine of these companies -- names you know well, but that will never be great again.

BofA Accused of Hiding Merrill Lynch Bad News Before Buyout

Top executives at Bank of America did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch that its losses were mounting, papers filed in shareholder litigation show. But the bank says it should not be liable to shareholders in the matter.

Seven Villians of the Financial Crisis: Where Are They Now?

The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, and now, two years later, we take a look at what became of them.

Legal Briefing: BofA/Merrill Lynch Lawsuit Moves Ahead

The SEC settled its case against Bank of America for failing to disclose Merrill Lynch's losses and bonus plans before their merger, but BofA shareholders are still seeking justice. On Friday, a judge refused to dismiss their claims, meaning they'll get their chance at a trial.

Legal Briefing: BofA's Ex-CEO Pours Scorn on NY AG's Charges

New York Attorney General Andrew Cuomo has sued Bank of America over its Merrill Lynch takeover, claiming it failed to disclose what bad shape Merrill was in before shareholders voted on the deal. Responses to the charges have been filed, with ex-CEO Ken Lewis' the most aggressive.

Cuomo Files Suit Against Former Bank of America CEO Ken Lewis

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.

The battle for Ken Lewis's job begins

Ken Lewis, who will retire as CEO of Bank of America (BAC) at the end of the year, oversaw the creation of one of the country's biggest banks over...

Warren Buffett gently knocks Ken Lewis

Warren Buffett is known as one of the most quotable people in the the world of business. His witty asides are a big part of what has made his annual...

Is $33.9 billion enough for B of A?

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...

Ken Lewis's unusual victory

Ken Lewis, the CEO of Bank of America (BAC), lost his job as chairman as shareholders voted to separate the chairman and CEO roles. Angry investors...