BofA Making Big Retention Payouts
June 18, 2009
In efforts to entice and retain top talent, Bank of America has been making big bonus payouts to key employees.
June 18, 2009
In efforts to entice and retain top talent, Bank of America has been making big bonus payouts to key employees.
BofA’s Lewis Feels the Heat
June 12, 2009 by Joseph McCafferty
U.S. lawmakers voiced their anger with CEO Kenneth Lewis and government regulators yesterday, over emails that suggest the bank should have known earlier about growing losses at Merrill Lynch.
June 12, 2009 by Joseph McCafferty
U.S. lawmakers voiced their anger with CEO Kenneth Lewis and government regulators yesterday, over emails that suggest the bank should have known earlier about growing losses at Merrill Lynch.
Fed Put Pressure on BofA in Emails
June 11, 2009 by Joseph McCafferty
Emails revealed by congressional investigators show that representatives from the Federal Reserve were hostile towards Bank of America in the midst of its buyout attempt of Merrill Lynch.
June 11, 2009 by Joseph McCafferty
Emails revealed by congressional investigators show that representatives from the Federal Reserve were hostile towards Bank of America in the midst of its buyout attempt of Merrill Lynch.
Two BofA Execs Leave Amid Gov Review
June 5, 2009
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
June 5, 2009
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
Two BofA Execs Leave Amid Gov Review
June 5, 2009 by Joseph McCafferty
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
June 5, 2009 by Joseph McCafferty
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
Lewis: BofA to Sit Out Next Merger Wave
May 21, 2009
The chief executive of Bank of America has said that his bank will not participate in what he anticipates will be a significant wave of merger activity as the economy stabilizes.
May 21, 2009
The chief executive of Bank of America has said that his bank will not participate in what he anticipates will be a significant wave of merger activity as the economy stabilizes.
Thain Goes on Offensive Against BofA
April 27, 2009 by Joseph McCafferty
Defending himself against the allegations made by Bank of America representatives in the wake of his departure from Merrill Lynch, ousted chief executive John Thain is striking back against his former employer.
April 27, 2009 by Joseph McCafferty
Defending himself against the allegations made by Bank of America representatives in the wake of his departure from Merrill Lynch, ousted chief executive John Thain is striking back against his former employer.
Cuomo Wants BofA-Merrill Deal Investigation
April 24, 2009 by Joseph McCafferty
New York attorney general Andrew Cuomo wants regulators to take a look at the roles played by the Treasury and Federal Reserve in pushing the merger between Bank of America and Merrill Lynch last year.
April 24, 2009 by Joseph McCafferty
New York attorney general Andrew Cuomo wants regulators to take a look at the roles played by the Treasury and Federal Reserve in pushing the merger between Bank of America and Merrill Lynch last year.
Fannie Mae’s Allison to Head TARP
April 14, 2009 by Joseph McCafferty
Fannie Mae CEO Herb Allison is expected to head the government’s $700 billion financial-rescue program.
April 14, 2009 by Joseph McCafferty
Fannie Mae CEO Herb Allison is expected to head the government’s $700 billion financial-rescue program.
SEC Probing BofA’s Conduct in Merrill Merger
April 14, 2009 by Joseph McCafferty
Four months after shareholders from both companies agreed to what has become one of the most significant banking mergers of the recession, the Securities and Exchange Commission is investigating whether Bank of America violated securities law in the midst of its acquisition of Merrill Lynch.
April 14, 2009 by Joseph McCafferty
Four months after shareholders from both companies agreed to what has become one of the most significant banking mergers of the recession, the Securities and Exchange Commission is investigating whether Bank of America violated securities law in the midst of its acquisition of Merrill Lynch.
Less Board Expertise Led to Banks Demise?
April 10, 2009 by Joseph McCafferty
April 10, 2009 by Joseph McCafferty
In a new analysis, Global Proxy Watch reports that banks that crashed had more entrenched directors, more power vested in the CEO, and less board expertise in the financial industry.
Who Will Succeed Lewis as CEO of BofA?
April 8, 2009 by Joseph McCafferty
Just six months ago, Kenneth Lewis was being hailed as the financial daredevil that pulled off a brilliant deal that would leave Bank of America the victor in a marketplace melee that had decimated so many others.
April 8, 2009 by Joseph McCafferty
Just six months ago, Kenneth Lewis was being hailed as the financial daredevil that pulled off a brilliant deal that would leave Bank of America the victor in a marketplace melee that had decimated so many others.
Filling the Void on Wall Street
April 3, 2009 by Karen M. Kroll
The void in the investment banking world created by the demise of fallen titans like Lehman Bros., Merrill Lynch, and Bear Stearns may provide an opportunity for private-equity firms to enter the market. However, opinions diverge on just how likely and how effective such moves might be.
April 3, 2009 by Karen M. Kroll
The void in the investment banking world created by the demise of fallen titans like Lehman Bros., Merrill Lynch, and Bear Stearns may provide an opportunity for private-equity firms to enter the market. However, opinions diverge on just how likely and how effective such moves might be.
BofA’s Lewis: Economy Will Bottom in 2009
April 2, 2009 by Joseph McCafferty
Bank of America CEO Ken Lewis said in a recent interview with CNBC that he expects the U.S. economy to hit its lowest point towards the end of the year, with a gradual recovery beginning in 2010.
April 2, 2009 by Joseph McCafferty
Bank of America CEO Ken Lewis said in a recent interview with CNBC that he expects the U.S. economy to hit its lowest point towards the end of the year, with a gradual recovery beginning in 2010.
CalPERS and CalSTRS Join Suit Against BofA
March 24, 2009
Two California-based pension funds have joined the shareholder crusade against Bank of America, having filed a joint motion in U.S. District Court for a class action suit against the financial giant.
March 24, 2009
Two California-based pension funds have joined the shareholder crusade against Bank of America, having filed a joint motion in U.S. District Court for a class action suit against the financial giant.
BofA Shareholder Wants Lewis Out
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
Merrill’s Letter to Congress ‘Misleading’
March 12, 2009 by Joseph McCafferty
Testimony from a Merrill director filed by New York Attorney General Andrew Cuomo states that the firm’s November 24 letter, in which the company told the head of the House committee that “incentive compensation decisions for 2008 have not yet been made,” was misleading.
March 12, 2009 by Joseph McCafferty
Testimony from a Merrill director filed by New York Attorney General Andrew Cuomo states that the firm’s November 24 letter, in which the company told the head of the House committee that “incentive compensation decisions for 2008 have not yet been made,” was misleading.
Were Merrill Bonuses Linked to Markdowns?
March 11, 2009 by Joseph McCafferty
New York prosecutors are questioning whether the early payment of bonuses at Merrill Lynch last year gave the bank’s traders an incentive to mark downt he value of their trading positions at the end of December.
March 11, 2009 by Joseph McCafferty
New York prosecutors are questioning whether the early payment of bonuses at Merrill Lynch last year gave the bank’s traders an incentive to mark downt he value of their trading positions at the end of December.
Cuomo to Question 7 Merrill Executives
March 5, 2009 by Joseph McCafferty
The New York attorney general’s office yesterday subpoenaed seven former Merrill Lynch & Co. executives as part of its ongoing investigation into the timing of year-end bonuses the investment bank made.
March 5, 2009 by Joseph McCafferty
The New York attorney general’s office yesterday subpoenaed seven former Merrill Lynch & Co. executives as part of its ongoing investigation into the timing of year-end bonuses the investment bank made.
Top 10 Merrill Earners Took Home $209M
March 4, 2009 by Joseph McCafferty
While 2008 may have been a bad year for the marketplace at large, the top executives at Merrill Lynch managed to make it a banner year as far as compensation was concerned.
March 4, 2009 by Joseph McCafferty
While 2008 may have been a bad year for the marketplace at large, the top executives at Merrill Lynch managed to make it a banner year as far as compensation was concerned.