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By Dan Fitzpatrick and Robin Sidel Bank of New York Mellon Corp. Chief Executive Robert Kelly recently was approached about becoming the next CEO of Bank of America Corp. , said people familiar with the situation. Full Article at Wall Street Journal
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Mr. Kelly has shown no interest in the job, said a person familiar with his thinking. Full Article at DealBreaker
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It has been just over a month since longtime Bank of America boss Ken Lewis announced he would be stepping down at the end of the year. Full Article at The Business Insider
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Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations
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The industry has traditionally been like an alcoholic who swears off drink until it reaches the next saloon
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This restructuring does not materially impact capital, is expected to benefit net interest revenue by $125 million to $175 million in 2010 and significantly reduces the risk of future securities losses
– Robert Kelly SOURCE: Pittsburgh Entertainment -
There are not too many firms who are reporting $2 billion losses. But they are moving forward in a way they feel is most beneficial to their circumstances
SOURCE: Pittsburgh Entertainment
