Kenneth D Lewis News on Daylife

Bank of America Executive Under Scrutiny

Tue, 08 Dec 2009 13:44:10 GMT

One of the leading candidates to take the helm at Bank of America has become embroiled in an investigation of the bank’s merger with Merrill Lynch.
Source: CNBC

B of A: What Keeps You Up at Night Bank of America?

Mon, 07 Dec 2009 20:07:06 GMT

I was a Bank of America customer many years ago. I learned a few things then and even more now that made me stay away from B of A. I started asking the question "What keeps you up at night Bank of America?" Here are three things that I think should.
Source: Associated Content

Admin Slashing Bailout Cost Estimate

Mon, 07 Dec 2009 15:55:36 GMT

TARP recipients testify before the House Financial Services Committee on Feb. 11.
Source: Time Magazine

Quoted in 'Bank of America TARP Repayment Premature, Analyst Says'

Sat, 05 Dec 2009 00:23:59 GMT

said in Huffington Post:

Apparently allowing outgoing CEO Ken Lewis to take a victory lap via TARP repayment is more important to the Fed than ensuring the safety and soundness of [Bank of America]

When a New CEO Isn't Enough

Fri, 04 Dec 2009 19:24:51 GMT

By Jason Zweig How much of a difference should investors expect when General Motors—or any company— brings in a new chief executive?Not much.This past week, GM's chief executive officer, Frederick "Fritz" Henderson, stepped down under pressure from the...
Source: Wall Street Journal

BofA board to meet on Tuesday, may discuss CEO

Fri, 04 Dec 2009 15:16:01 GMT

The meeting is a regularly scheduled session, spokesman Bob Stickler said, adding that he assumes the search for a successor to Chief Executive Kenneth Lewis will come up. Lewis in September said he would retire at year-end.
Source: International Business Times

Stocks Surge On Encouraging Jobs Report

Fri, 04 Dec 2009 15:08:09 GMT

9:15 a.m. Update: The major indexes took flight in pre-market trade Friday, buoyed by better-than-expected jobs data. S&P 500, Dow and Nasdaq 100 futures were all up more than 1% ahead of the opening bell.
Source: Investor's Business Daily

Bank of America TARP Repayment

Fri, 04 Dec 2009 10:15:14 GMT

CHARLOTTE, N.C. , Dec. 2 -- Bank of America today announced that it will repay U.S. taxpayers their entire $45 billion investment provided under the Troubled Asset Relief Program (TARP).
Source: All American Patriots

Bank's payback raises stakes

Fri, 04 Dec 2009 05:32:12 GMT

NEW YORK -- Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon.
Source: Myrtle Beach Sun News

Quoted in 'BofA's Lewis Says He Will Be Vindicated'

Tue, 10 Nov 2009 20:54:45 GMT

Kenneth D Lewis said in FOX Business:

I am confident history will show our actions in operating and building Bank of America positioned us for future success

Photo from Reuters Pictures

Thu, 11 Jun 2009 16:00:41 GMT

Bank of America CEO and President Kenneth Lewis (R) testifies about his company's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington June 11, 2009.

Photo from Reuters Pictures

Thu, 11 Jun 2009 15:56:40 GMT

Bank of America CEO and President Kenneth Lewis (R) looks at a memo being projected onto the wall during testimony about his company's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in W...

Fire CEO Ken Lewis

Tue, 14 Apr 2009 15:45:25 GMT