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Ken Lewis

Ken Lewis Is No Dummy

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Imagine you are Ken Lewis, who yesterday announced his decision to take early retirement from his position at Bank of America. You want to understand why Ken walked? Look at it this way...

Who Will Take Charge Of Bank Of America?

New York Times | ERIC DASH and LOUISE STORY | Posted 05.25.2011 | Business

Who will lead Bank of America out of this mess? That question is reverberating through Wall Street and Washington after the abrupt resignation of Ken...

B of A's Ken Lewis: Beware What You Wish For

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Ken Lewis likes to spring news on the market, which is why his resignation from Bank of America shouldn't have been all that surprising. But it was and here's why.

This Week In Cheating: Ken Lewis' Pension

Jeff Kreisler | Posted 05.25.2011 | Business
Jeff Kreisler

What's a pension? A system wherein the employee gives the boss money for "safekeeping." Good luck with that.

Ken Lewis Retiring: Sources; Bank Of America CEO To Step Down By End Of 2009

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Ken Lewis, the embattled CEO of Bank of America Corp., is leaving the company, succumbing to nearly a year of strife that followed hi...

The 7 Most Awkward Ken Lewis Faces (PHOTOS)

Posted 05.25.2011 | Business

On the heels of the announcement that Ken Lewis will be retiring from Bank of America later this year, we decided to take an unusual look back at Lewi...

Countrywide Phone Calls: Lawmakers Want More Information About VIP Program That Lent To Politicians

Wall Street Journal | JOHN R. EMSHWILLER | Posted 05.25.2011 | Politics

The discovery that Countrywide Financial Corp. recorded phone conversations with borrowers in a controversial mortgage program that included public of...

William Cohan: Bank Execs Got Rich On Bailouts With Stock Options | William Cohan | Posted 05.25.2011 | Business

Few could argue with Barack Obama last week when the US president said Wall Street owed a debt of gratitude to taxpayers. Some of America's largest ba...

Bank Of America To Go To Trial With SEC

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Bank of America Corp. now faces a trial with the Securities and Exchange Commission over billions in bonuses paid at Merrill Lynch,...

Buffett Calls Ken Lewis The "Ironic Hero" Of The Financial Crisis

Sep. 16, 2009 | Colin Barr, Senior Writer | Posted 05.25.2011 | Business

Buffett, the billionaire investor who runs Berkshire Hathaway (BRKA, Fortune 500), said Tuesday at Fortune's Most Powerful Women Summit in San Diego t...

From Bank of America, Two Different Stories About Tracking Bailout Funds

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

Is Bank of America, the nation's largest bank, tracking how it spends $45 billion in taxpayer funds? That depends on which Bank of America statement ...

SEC Should Get Tougher With BofA

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

In the Bank of America (BAC.N) Merrill Lynch bonus imbroglio, the SEC has proposed a settlement in which, once again, the defendants neither admit nor...

BofA And Merrill Lynch "Lied To Their Shareholders," Judge Says

New York Times | Louise Story | Posted 05.25.2011 | Business

Reigniting a major controversy over Wall Street pay, a federal judge on Monday sharply criticized the bonuses that Merrill Lynch hurriedly paid out be...

BofA U.S. Operations Lost Money In 2nd Wuarter

AP | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Bank of America Corp.'s reported that its better than expected second-quarter profit was boosted by the bank's foreign operati...

Bank Of America Settles With SEC For $33M Over Merrill Deal

AP | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's...

Three More: Now Half Of Bank Of America's Directors Have Quit

McClatchy | Christina Rexrode | Posted 05.25.2011 | Business

The shake-up in Bank of America Corp.'s boardroom, apparently orchestrated by the hand of government regulators, continued Friday evening, when the ba...

Sam Stein

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses | Sam Stein | Posted 05.25.2011 | Politics

One of the country's largest unions is hitting back at troubled banking-giant Bank of America for rewarding executives with billions in bonuses while ...

Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 05.25.2011 | Business

Bank of America Corp., a pioneer in banking online and through mobile phones, said Tuesday that it was considering closing up to 10% of its 6,100 offi...

Hank Paulson Rewrites History Before Congress

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.

Bank of America Posts $2.4B 2Q Profit

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Bank of America joined other major banks in reporting better-than-expected second quarter income Friday, earning $2.42 billion...

Bernanke's a Bully and Ken Lewis Is a Weenie

Jill Schlesinger | Posted 05.25.2011 | Home
Jill Schlesinger

Lawmakers may have grilled the wrong wiener today.

The Fed Under Fire (VIDEO)

Harry Hanbury | Posted 05.25.2011 | Business
Harry Hanbury

As details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.

BofA Bonuses: Bank Pays Millions, Despite Bailout

New York Post | MARK DeCAMBRE | Posted 05.25.2011 | Business

Bailed-out Bank of America has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vit...

Jeff Muskus

Kucinich Rips Lewis For Duping Shareholders (VIDEO) | Jeff Muskus | Posted 05.25.2011 | Politics

Bank of America CEO Ken Lewis took a pounding Thursday from the House Committee on Oversight and Government Reform. One of the most damning exchanges ...

U.S. Chamber of Commerce <3s Bank of America

Michael Whitney | Posted 05.25.2011 | Business
Michael Whitney

At the end of last year, while the economy collapsed and BofA took on its first $25 billion bailout, the U.S. Chamber saw fit to honor Bank of America with its "2008 Corporate Citizenship Award." Because nothing says "Corporate Citizenship" like milking taxpayers for unprecedented billions.