...as a result of meaningful change in macro credit cycle dynamics? Sure seems that way. In late summer we watched BofA CEO Ken Lewis proclaim on the tape that he saw no reason for a dividend cut. About six weeks later, BAC cut their dividend in half. We...
... people ), but our policymakers have decided BAC is here to stay. Also, the front office of BAC is well regarded. CEO Ken Lewis is considered a pretty savvy banker. (Although one could argue Merrill Lynch CEO John Thain is even savvier, having...
...rivals to do the same, especially when the CEOs of Californiaâs largest banks see more trouble ahead. (Bank of America CEO Ken Lewis, for one, expects the credit card industry to chalk up record losses.) âGiven the precipitous drop in the economy,...
...a lunch meeting at the Detroit Economic Club on Tuesday, Bank of America Corp. CEO Ken Lewis (pictured) said he would only favor a bailout for cash-leaking Big 3 automakers General Motors Corp., Chrysler LLC and Ford Motor Co. if it were to yield major...
...two. Bank of America took $15 billion under the U.S. Treasury's Troubled Asset Relief Program, known as TARP. Now its chief, Ken Lewis, is spending $7 billion of his spare cash upping the bank's stake in China Construction Bank, or CCB, to 19 percent. It...
Background
Kenneth D. Lewis (Born 9 April 1947 in Meridian, Mississippi) is the current Chairman, CEO, and President of Bank of America, one of the largest banks in the United States, positions he has held since the retirement of Hugh McColl in 2001. He joined the organization (at that time NCNB) as a credit analyst in 1969, and served as the head of both international and domestic operations during his tenure at NationsBank.
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Timeline
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Ken Lewis said this in:
3 weeks ago from Nashua Telegraph