News on Ken Lewis (Executive)

BofA CEO says the bank 'missed the mark'

2010-03-17T15:46:24Z

<div id="subtitle">Bank of America CEO Moynihan addresses compensation, shareholders concerns, in annual letter</div><div><p>Bank of America CEO Brian Moynihan conceded Wednesday that the company made a series of missteps during the credit crisis and recession that hurt its relationship with shareholders and customers.</p>...

Citigroup CEO Pandit earns $128,000 in 2009 pay

2010-02-26T17:00:31Z

<div id="subtitle">Citigroup CEO Vikram Pandit receives $128,000 in 2009 compensation, down from $38.2M in 2008</div><div><p>Citigroup Inc. CEO Vikram Pandit received $128,751 in compensation for 2009 as the bank suffered huge losses on risky investments and failing consumer loans, according to an BofA fired top lawyer just to make room for another, SEC says; view at odds with Cuomo</div><div><p>Bank of America fired its top lawyer in December 2008 before its fateful takeover of Merrill Lynch simply to make way for another executive, and not beca...

New York AG filing civil charges against BofA

2010-02-22T11:53:52Z

<div id="subtitle">New York AG filing civil charges saying Bank of America, former CEO Lewis misled investors</div><div><p>The New York Attorney General's office said Thursday it filed civil...

Bank of America Merrill Lynch

2010-02-04T12:16:10Z

FILE - In this Feb. 11, 2009 file photo, then Bank of America Chairman and Chief Executive Officer Ken Lewis testifies on Capitol Hill in Washington before the Bank of America CEO Moynihan to receive $950,000 a year, reportedly a 19pct increase</div><div><p>Bank of America's new CEO, Brian Moynihan, will make a salary of $950,000 a year, a person familiar with his pay package said Thursday. That amount reportedly gives Moynihan an almo...

BofA CEO to get 2010 base pay of $950,000: source

2010-02-22T13:48:40Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's &lt;BAC.N&gt; new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a...

BofA names executive team, looking for new CFO

2010-02-22T21:26:19Z

<div id="subtitle">Bank of America reshuffles management team, announces plans for new chief financial officer</div><div><p>Bank of America Corp. is shuffling its senior management team, moving its chief financial officer over to lead consumer and small business banking and naming a new chief risk officer.</p><p>The changes anno...

Bank Fees

2010-01-12T00:31:03Z

FILE - In this Feb. 11, 2009 file photo, from left, Goldman Sachs & Co. Chief Executive Officer and Chairman Lloyd C. Blankfein; JPMorgan Chase & Co. Chief Executive Officer James Dimon; RALEIGH, NC - JANUARY 4: Brian T. Moynihan, President and CEO of Bank of America Corp addresses the annual economic forecast forum sponsored by the North Carolina Bankers Association at the state's Chamber o...

BofA's CEO Moynihan faces tough job in 2010

2010-02-23T14:58:41Z

<div id="subtitle">New CEO of Bank of America faces tests over Merrill Lynch purchase, appeasing regulators</div><div><p>In two weeks Brian Moynihan will take on what is sure to be the toughest job of his career:...

Winners and Losers in Business for 2009

2010-02-23T14:30:24Z

<div id="subtitle">Consumers, Twitters big winners in 2009; Dubai, unemployed among the losers</div><div><p>The year began on the grimmest of notes. The stock market was tanking. Banks were imploding. The economy was teetering on the verge of a depression.</p><p>That dark winter finally gave way to some welcome "gree...

BofA repays $45B in government bailout funds

2010-02-23T18:26:25Z

<div id="subtitle">Bank of America completes TARP payback, freeing itself from government pay restrictions</div><div><p>Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Bank of America's board meeting to discuss replacement for CEO Lewis</div><div><p>Bank of America's board is meeting Tuesday to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year.</p><p&gt...

BofA sells $19.29B in securities to repay bailout

2010-02-23T21:11:10Z

<div id="subtitle">Bank of America sells $19.29B in securities to pay back bailout money</div><div><p>Bank of America Corp. said Thursday it raised $19.29 billion in a complex share sale to help pay back $45 billion in government bailout funds.</p><p>Repaying the money could help the ailing bank attract a new chief executive to ...

BofA CEO job looks better after TARP repayment

2010-02-23T21:13:41Z

<div id="subtitle">Bank of America CEO job becomes more appealing to candidates after TARP repayment plan</div><div><p>Now that Bank of America Corp. is freeing itself from the government restrictions that hampered its search for a new CEO, the company should look m...

BofA CEO search may extend into 2010

2010-02-24T00:39:52Z

<div id="subtitle">Bank of America may need more time for CEO search, Lewis could remain into 2010</div><div><p>Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec. 31 departure.</p&...

Bank of America CEO

2009-11-25T10:17:39Z

FILE - In this Sept. 15, 2008 file photo, Bank of America Chairman and CEO Ken Lewis listens during a news conference in New York. Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec. 31, 2009, dep...

GMAC CEO Alvaro de Molina steps down

2010-02-24T04:39:29Z

<div id="subtitle">GMAC CEO de Molina steps down amid talks for more gov't aid, Michael Carpenter is new CEO</div><div><p>GMAC Financial Services says Alvaro de Molina has stepped down as CEO, a surprise departure that comes as the troubled auto lender remains in ne...

Ahead of the Bell: Bank of America, Merrill Lynch

2010-02-24T04:25:38Z

<div id="subtitle">House panel examining Bank of America bailout, Merrill takeover; company officials testifying</div><div><p>A House oversight panel is examining the $45 billion federal bailout of Bank of America Corp. and its shotgun acquisition of Merrill Lynch &am...