Feinberg May Rein in Employee Pay
October 8, 2009
Kenneth Feinberg may extend his compensation limits to other employees at TARP-recipient companies.
October 8, 2009
Kenneth Feinberg may extend his compensation limits to other employees at TARP-recipient companies.
Krawcheck Says She Won’t Succeed Lewis
October 5, 2009
Sallie Krawcheck has no immediate plans to take over Kenneth Lewis' CEO spot at Bank of America.
October 5, 2009
Sallie Krawcheck has no immediate plans to take over Kenneth Lewis' CEO spot at Bank of America.
BofA Hands Over Additional Merrill Lynch Documents to Congressional Committee
September 23, 2009
Bank of America will provide the House Committee with additional documents concerning its fast acquisition of troubled Merrill Lynch.
September 23, 2009
Bank of America will provide the House Committee with additional documents concerning its fast acquisition of troubled Merrill Lynch.
Deadline Looms for BofA
September 21, 2009
A Congressional probe into its merger with Merrill Lynch has BofA pressed to provide relevant legal information.
September 21, 2009
A Congressional probe into its merger with Merrill Lynch has BofA pressed to provide relevant legal information.
Cuomo Subpoenas Five BofA Directors
September 17, 2009
Cuomo has issued subpoenas for five of the fifteen directors that served on the BofA board at the time of the Merrill merger.
September 17, 2009
Cuomo has issued subpoenas for five of the fifteen directors that served on the BofA board at the time of the Merrill merger.
McCann Calls on Judge to Remove BoA’s Non-Compete Clause
September 16, 2009
Bank of America fired McCann without cause after rejecting his offer to resign, part of “vengeful conduct intended to both punish and humiliate” him for trying to quit the bank, McCann said in court papers.
September 16, 2009
Bank of America fired McCann without cause after rejecting his offer to resign, part of “vengeful conduct intended to both punish and humiliate” him for trying to quit the bank, McCann said in court papers.
Court Rejects SEC’s BoA Settlement
September 15, 2009
Judge Jed Rakoff said the agreement – to settle allegations that BofA made misleading statements to shareholders – was a “contrivance designed to provide the SEC with the facade of enforcement".
September 15, 2009
Judge Jed Rakoff said the agreement – to settle allegations that BofA made misleading statements to shareholders – was a “contrivance designed to provide the SEC with the facade of enforcement".
Cuomo Scrutinizes BofA’s Firing of GC
September 9, 2009
New York’s Attorney General Andrew Cuomo and other federal investigators are examining why the bank’s executives did not tell shareholders about billions of dollars worth of bonuses as well as huge losses at Merrill Lynch before the deal.
September 9, 2009
New York’s Attorney General Andrew Cuomo and other federal investigators are examining why the bank’s executives did not tell shareholders about billions of dollars worth of bonuses as well as huge losses at Merrill Lynch before the deal.
Could the BofA Case Actually Boost SEC Clout?
August 27, 2009
Governance experts said the case will strengthen the SEC's hand in future settlements.
August 27, 2009
Governance experts said the case will strengthen the SEC's hand in future settlements.
Update: BofA Defends SEC Settlement
August 24, 2009
Bank of America and the Securities and Exchange Commission prepare to defend their $33 million settlement.
August 24, 2009
Bank of America and the Securities and Exchange Commission prepare to defend their $33 million settlement.
BofA Says $33M Fine is Appropriate
August 24, 2009
A $33M fine for BofA from the Securities and Exchange Commission may not be ample, according to the judge presiding over the case.
August 24, 2009
A $33M fine for BofA from the Securities and Exchange Commission may not be ample, according to the judge presiding over the case.
Merrill and BofA Face Pressure on $3.6 Billion Bonuses
August 24, 2009
Judge Jed S. Rakoff thinks shareholders have been punished enough, and executives should be held more accountable.
August 24, 2009
Judge Jed S. Rakoff thinks shareholders have been punished enough, and executives should be held more accountable.
Judge Rejects BofA Bonus Settlement
August 11, 2009
The rejection of a $33 million settlement with the SEC may force Bank of America into defending itself against fraud accusations.
August 11, 2009
The rejection of a $33 million settlement with the SEC may force Bank of America into defending itself against fraud accusations.
BofA and SEC Defend $33M Agreement
August 10, 2009
Bank of America and the Securities and Exchange Commission prepare to defend over $33 million in executive pay bonuses paid out to Merrill Lynch executives.
August 10, 2009
Bank of America and the Securities and Exchange Commission prepare to defend over $33 million in executive pay bonuses paid out to Merrill Lynch executives.
NY Congressman Demands Documents on BofA’s Merrill Deal
August 7, 2009
Investigation into lack of disclosure on Merrill loses continues
August 7, 2009
Investigation into lack of disclosure on Merrill loses continues
Judge Demands Hearing in SEC Case Against BofA
August 6, 2009
The SEC complaint found fault with proxy documents that Bank of America and Merrill sent to their respective shareholders in November.
August 6, 2009
The SEC complaint found fault with proxy documents that Bank of America and Merrill sent to their respective shareholders in November.
Last Top Merrill Lynch Exec Exits BofA
August 5, 2009
Dan Sontag is resigning as head of BofA's brokerage business, as Sallie Krawcheck is hired to run the wealth management division.
August 5, 2009
Dan Sontag is resigning as head of BofA's brokerage business, as Sallie Krawcheck is hired to run the wealth management division.
Fed Leans on BofA to Recast its Board
July 16, 2009 by Joseph McCafferty
Bank of America has been placed under a regulatory sanction that requires the firm to redesign both its board and its policies towards risk and liquidity.
July 16, 2009 by Joseph McCafferty
Bank of America has been placed under a regulatory sanction that requires the firm to redesign both its board and its policies towards risk and liquidity.
BofA Losing Former Merrill Bankers
July 8, 2009
The merger between Bank of America and Merrill Lynch has spurred the departure of eighteen veteran bankers within the acquired investment bank.
July 8, 2009
The merger between Bank of America and Merrill Lynch has spurred the departure of eighteen veteran bankers within the acquired investment bank.