Entries tagged "BofA"

Corzine addresses BofA rumors

The rumor mongering about the possibility of Jon Corzine replacing Ken Lewis as CEO of Bank of America has reached a point where the former Goldman Sachs CEO has formally denied them.

BofA still has trouble finding a CEO

Bank of America may have the desire to hire from outside to replace CEO Ken Lewis, but evidently no one wants the job as BNY's CEO Robert Kelly becomes the latest to decline an offer.

BofA's unanswered questions

Case law involving material adverse change shows that once Ken Lewis agreed to buy Merrill Lynch, the odds of breaking the deal were slim no matter what the attorneys told regulators.

BofA e-mails tell another story about Merrill deal

Several e-mails and documents obtained by investigators from Bank of America Corp. reveal another story concerning the deal between BofA and Merrill Lynch.

Gasparino calls Krawcheck a 'disaster'

Writing for Forbes on the topic of BofA CEO succession, Charles Gasparino explains how Krawcheck has been campaigning for the job, and why she shouldn't get it.

Krawcheck remains a long shot

With the announcement that Bank of America CEO Ken Lewis is retiring, the media has begun laying bets on who will replace him. But does Sallie Krawcheck really have the inside track?

BofA settlement with SEC comes under scrutiny

Manhattan Judge Jed Rakoff called a hearing Monday to determine if the SEC's $33 million settlement with BofA was fair to the public.

Does BofA want to be a part of it, in New York?

Recent management changes imply Bank of America may eventually make a brand new start of it, in old New York.

MAC clause was not an option for Lewis

Lewis had two ways out of the deal, at least in theory. However, theory and reality differ in practice as the courts would have likely deferred to the government's wishes.

BusinessWeek's bizarre use of exclusive label

Don't worry if you missed BusinessWeek's recent BofA exclusive. Despite its label, odds are, aside from one thinly sourced nugget, it's old news if you read the rest of the business media.

BofA aims to repay $45B by year's end

BofA has a plan to pay back $45 billion in TARP funds by year's end, the Financial Times reports.

Could Gifford resurface at BofA?

With the government pressuring Bank of America to shake up management, one of the directors sitting on a committee to review change is dealmaker Charles K. Gifford.

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