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In December, American Banker named Bank of America Corp. (NYSE:BAC) chief executive Ken Lewis Banker of the Year. Now, they don't know who's in charge and what kind of culture the bank is leaning toward. Of former Citigroup Inc. (NYSE:C) CFO and global head of wealth management Sallie Krawcheck's hire,...
Posted on August 7, 2009 10:01 AM
Bank of America Corp.'s (NYSE:BAC) integration of Merrill Lynch & Co. continues at pace, despite chief executive Ken Lewis' numerous treks to Capitol Hill, stress test results, high-level talent defections and other distractions. In an interview with American Banker, integration leader Brian Moynihan admits external pressures are adding to the...
Posted on June 29, 2009 10:28 AM
Bank of America Corp. (NYSE:BAC) chief executive Ken Lewis said Monday morning that the integrations of Merrill Lynch & Co. and Countrywide Financial are on track. His comments came as the bank released an encouraging first-quarter earnings report that showed profit of $4.2 billion, up from $1.2 billion during the...
Posted on April 20, 2009 8:55 AM
In perusing the Charlotte Observer on Monday for reaction to the skewering Bank of America Corp. (BAC: NYSE) chief executive Ken Lewis is taking over those Merrill Lynch & Co. bonuses, I came across a tiny bit of hopeful news for unemployed bankers. In an article in Sunday's edition, Michael...
Posted on March 9, 2009 5:20 PM
The Deal's Lou Whiteman is diligently covering events as they unfold at the House's auto bailout hearing, and it's still not clear if help will be forthcoming. But there's no denying Friday's job numbers have bolstered the Big Three's call for assistance. Nonfarm payroll employment fell by 533,000 in November...
Posted on December 5, 2008 12:28 PM
In a lunch meeting at the Detroit Economic Club on Tuesday, Bank of America Corp. CEO Ken Lewis (pictured) said he would only favor a bailout for cash-leaking Big Three automakers General Motors Corp., Chrysler LLC and Ford Motor Co. if it were to yield major consolidation in the industry....
Posted on November 19, 2008 9:27 AM
I suppose it's not a shock that American Banker has named Kenneth D. Lewis (pictured) its 2008 Banker of the Year. In a year of financial implosions, the Bank of America Corp. chief executive does lead one of the few relatively stable financial giants. And as Lewis indicated in his...
Posted on October 27, 2008 2:36 PM
As Bank of America Corp. contemplates what will likely be a complex merger with Merrill Lynch & Co., the bank's integration of Countrywide Financial Corp. is well underway. BofA bought the failing mortgage giant in a $4 billion all-stock deal in July.In an interview with the bank's hometown paper, The...
Posted on October 21, 2008 3:40 PM
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