Articles Tagged with ''Ken Lewis''

Viewpoint: A TV Special: The House Bank of America Soap Opera

Call me a geek, but my favorite daytime TV is a Congressional hearing into the causes of and solutions to this financial crisis. Who needs The View when you can watch some of the most ill-informed and selfishly motivated folks in American public life grandstanding for voters back home. The hot ticket in June has been the House Oversight and Government Reform Committee’s inquiry into the BofA-Merrill merger, “How Did a Private Deal Turn Into a Federal Bailout?”
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Economic Bottom in Sight for BofA CEO

The economy is "close to the bottom," according to Bank of America Corp.'s chief executive officer Ken Lewis. Lewis said he believes– like some economists, but certainly not all – that the economy will likely bottom out in the second half of this year before beginning a slow recovery in 2010.
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BofA's Lewis: We're Going to Repay TARP Funds, ASAP

The growing public outrage towards bankers, evident in the AIG bonus debacle, clearly has banking executives anxious to get out of the government's back pocket as soon as possible, with Bank of America Corp. [stock BAC][/stock] CEO Ken Lewis telling the Los Angeles Times earlier this week that he intends BofA to begin repayment of government funds as soon as a "stress test" of the bank is complete at the end of next month.
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BofA, Citi: We're Just Fine, Thanks

Two large banks largely assumed to be among the nation's most troubled, Citigroup, Inc. [stock C][/stock] and Bank of America Corp. [stock BAC][/stock], are taking to the press machine this week with a singular message: stop worrying about us.
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Oh, snap! BofA's Lewis trashes Citi

Here's an FT exclusive, and note just how badly BofA's Ken Lewis does NOT want to be put into the Pandit bucket: Bank of America’s request for $20bn of government money to prop up its acquisition of Merrill Lynch was a “tactical mistake” that made the bank appear as weak as Citigroup, Ken Lewis, BofA’s chief executive told the Financial Times on Monday...
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Lewis on BofA's Future: 'A Thing of Beauty'

Strong and resilient was the message CEO Ken Lewis gave of Bank of America Corp. [stock BAC][/stock] in a televised interview with CNBC's Maria Bartiromo Friday. "This company's going to be a thing of beauty as we get to the other side of this [economic downturn] and it will be the envy of the financial services industry in terms of market shares," Lewis said.
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Thain Replaced Just Hours after Stepping Down from BofA

In a matter of hours, John Thain -- who stepped down Thursday from his position as president of global banking and wealth-management at the newly combined Bank of America Corp. [stock BAC][/stock] and Merrill Lynch & Co. -- was replaced by Bank of America's General Counsel Brian Moynihan.
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Thain Steps Down from BofA

John Thain, the former Merrill Lynch & Co. CEO, has resigned from his position as president of global banking, securities and wealth management operations at Bank of America Corp. [stock BAC][/stock] after a meeting with BofA CEO Ken Lewis, according to a breaking news bulletin Thursday by the Wall Street Journal. Spokespeople from Merrill Lynch and BofA would not return calls seeking comment before this story was published mid-Thursday.
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