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CHARLOTTE, N.C. (AP) — Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program. Full Article at The Oakland Press
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Bank of America, which announced its agreement with the U.S. Treasury to repay TARP last week, funded the repayment through a combination of cash on hand and the sale of $19.29 billion of securities that would convert into common stock. Full Article at Gainesville Sun
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When Bank of America (BAC) CEO Kenneth D. Lewis announced plans to pay back the government on Dec. 2, Citigroup (C) CEO Vikram Pandit took the surprising news as a wake-up call. Full Article at Business Week
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(AP) Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program. Full Article at CBS News
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The Charlotte, North Carolina-based lender said it had sent the U.S. Treasury a mix of cash from its corporate coffers and money raised as part of a $19.29 billion securities offering earlier this week to settle the outstanding Troubled Asset Relief... Full Article at International Business Times
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Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday. Full Article at The Post Chronicle
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CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday. Full Article at The Washington Post
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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. Full Article at Taiwan News
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Enter the recipients' email addresses, separated by commas: Your email has been sent. Full Article at The Daily Beast
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Bank of America (NYSE: BAC) reported Tuesday that the board will discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year, according to Associated Press. Full Article at TransWorldNews
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Curl, the bank’s chief risk officer, is on a narrowed list of internal candidates to succeed BofA Chief Executive Kenneth Lewis, who will retire at the end of the year. Full Article at Business Journal of Phoenix
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Bank of America just can't quit Wachtell. Full Article at Law.com
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Curl is on a narrowed list of internal candidates to succeed Bank of America CEO Ken Lewis. Full Article at New Mexico Business Weekly
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Quick links to the best of SFGate | Still can't find it? see Site Index Bank of America's board is meeting to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year. Full Article at San Francisco Chronicle
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CHARLOTTE — Bank of America's board is meeting to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year. Full Article at Newsvine
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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. Full Article at CNBC
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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. Full Article at Associated Content
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TARP recipients testify before the House Financial Services Committee on Feb. 11. Full Article at Time Magazine
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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... Full Article at Wall Street Journal
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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. Full Article at International Business Times
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Reuters Pictures
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.
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Reuters Pictures
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 Washington, June 11, 2009.
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Reuters Pictures
Committee ranking member U.S. Representative Darrell Issa (R-CA) (R) greets Bank of America CEO and President Kenneth Lewis (L) as he arrives to give testimony about his company's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capito...
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Reuters Pictures
Bank of America CEO and President Kenneth Lewis (R) arrives to testify 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.
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AP Photo
FILE - In this Feb. 26, 2009 file photo, Bank of America Corp.'s CEO Ken Lewis arrives at the building that houses the office New York Attorney General Andrew Cuomo in New York.
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Getty Images
Bank of America CEO Ken Lewis (C) speaks to the press at the White House in Washington, DC on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama, as John Stumpf (L), CEO of Wells Fargo bank, Freddie Mac CEO John Koskinen (2nd) and R...
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Getty Images
Bank of America CEO Ken Lewis (C) speaks to the press at the White House in Washington on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama.
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Getty Images
PNC bank CEO James Rohr speaks to the press at the White House in Washington on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama as Bank of America counterpart Ken Lewis (R) and US Bank's Richard Lewis look on.
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Getty Images
Bank of America CEO Ken Lewis (C) speaks to the press at the White House in Washington, DC on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama, as John Stumpf (L), CEO of Wells Fargo bank, Freddie Mac CEO John Koskinen (2nd) and R...
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AP Photo
Bank of America Chief Executive Officer Ken Lewis, center, talks with reporters outside the White House in Washington, Friday, March 27, 2009, following a meeting between chief executives and President Barack Obama.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009 in New York.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis, center, is surrounded by reporters as he arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009, in New York.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis, center, is surrounded by reporters as he arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009 in New York.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009 in New York.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis, center, is surrounded by reporters as he arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009, in New York.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009, in New York.
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AP Photo
Bank of America Chairman and Chief Executive Officer Ken Lewis, center, with Bank of New York Mellon Chairman and Chief Executive Officer Robert Kelly, left, and other top chief executive officers of banking institutions, testify on Capitol Hill in Washington, Wednesday, Feb. 11, 2009,...
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AP Photo
IN this Feb. 11, 2008, file photo, Bank of America Chairman and Chief Executive Officer Ken Lewis, center, with Bank of New York Mellon Chairman and Chief Executive Officer Robert Kelly, left, and other top chief executive officers of banking institutions, testify on Capitol Hill in Wa...
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Reuters Pictures
Bank of America's Ken Lewis joins TARP recipient financial institution leaders before they testify before House Financial Services Committee on Capitol Hill in Washington, in this February 11, 2009 file photo.
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Reuters Pictures
Bank of America's Ken Lewis joins TARP recipient financial institution leaders before they testify before House Financial Services Committee on Capitol Hill in Washington, in this February 11, 2009 file photo.
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Reuters Pictures
A protester wearing a Ken Lewis mask gestures in front of "pink slip" for Bank of America Chairman, CEO and president Ken Lewis outside Bank of America's corporate headquarters during the bank's annual shareholder meeting in Charlotte, North Carolina, April 29, 2009.
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Reuters Pictures
Bank of America Chief Executive Officer Ken Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts, in this March 12, 2009 file photo.
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AP Photo
FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York.
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Reuters Pictures
Bank of America CEO Kenneth Lewis pauses as he speaks at the National Urban League Conference in Chicago July 30, 2009.
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Reuters Pictures
Bank of America CEO Kenneth Lewis speaks at the National Urban League Conference in Chicago July 30, 2009.
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Reuters Pictures
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 Washington, June 11, 2009.
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I am confident history will show our actions in operating and building Bank of America positioned us for future success
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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]
SOURCE: Huffington Post -
There is reason to be at least cautiously optimistic ... The government has responded for this recession with unprecedented fiscal and monetary stimulus, businesses have liquidated inventories very aggressively, consumers have already adjusted savings rates to a large degree and the housing sector, whic...
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The board of directors of Bank of America is likely to delay a much-anticipated announcement of a replacement for CEO Ken Lewis until next week, an effort people close to the bank say, to conduct a wide-ranging search for the bank's next leader and appease some investors and analysts who want an experie...
SOURCE: Blogging Stocks -
The market's improved view of Bank of America's credit cost the company due to non-cash marks on liabilities. Excluding those items, our revenue continued to hold up well ... Obviously, credit costs remain high, and that is our major financial challenge going forward. However, we are heartened by early ...
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Bank of America chief executive Kenneth D. Lewis used the threat of backing out of the government-backed deal as leverage for billions more in taxpayer bailout money
SOURCE: Slate -
I have no doubt that Bank of America will thrive and that my absence will not slow the momentum
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Thank God Ken Lewis and Bank of America had the cash and the vision to buy Merrill before the week-from-hell began
SOURCE: The Daily Beast -
I just wanted to say thank you for the ups you’ve shown me during my time with you and the support you’ve shown the company ... It’s been a pleasure to lead Bank of America and interact with all of you. I have no doubt that Bank of America will thrive and my absence will not slow the momentum that is st...
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Mr. Feinberg suggested that Ken Lewis should take no compensation for 2009. Mr. Lewis agreed ... Mr. Lewis added that he felt it was not in the best interest of Bank of America for him to get involved in a dispute with the paymaster.
SOURCE: Business Journal of Portland -
I just wanted to say thank you for the ups you’ve shown me during my time with you and the support you’ve shown the company ... It’s been a pleasure to lead Bank of America and interact with all of you. I have no doubt that Bank of America will thrive and my absence will not slow the momentum that is st...
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Bank of America Corp., but CEO Ken Lewis appears on Geithner's calendars only three times.
SOURCE: Pakistan News.net -
I am gratified that even some of the critics of our acquisition of Merrill Lynch have come to acknowledge how well the deal is working out for our clients ... This journey has been a rocky one and not for the faint of heart, but perseverance is paying off.
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Why Ken Lewis Gave Up: The real reason the Bank of America CEO suddenly quit
SOURCE: Slate -
I decided now is the time to begin to transition to the next generation of leadership at Bank of America
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Ken Lewis's resignation as CEO is the overdue but inevitable result of the overwhelming shareholder opposition registered at Bank of America's 2009 annual meeting
SOURCE: CNN -
The Merrill Lynch and Countrywide integrations are on track and returning value already ... Our board of directors and our senior management include more talent, and more diversity of talent, than at any time in this company's history. We are in position to begin to repay the federal government's TARP i...
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Ken Lewis, the embattled CEO of Bank of America Corp., is leaving the company after a year of strife that followed his bank's acquisition of Merrill Lynch & Co., but it's not like he's going to be hard up for...
SOURCE: NBC - Dallas Fort Worth -
The Merrill Lynch and Countrywide integrations are on track and returning value already
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Ken Lewis was a key architect in building a truly global financial franchise
SOURCE: The Money Times -
Ken Lewis has been overly targeted in terms of how things played out ... But the fact is, perception is reality in these situations, and the perception is, everything that happened with the Merrill transaction was his fault, and for Bank of America to move beyond that, Lewis would have to go.
SOURCE: International Business Times -
Ken Lewis' decision to step down will have no impact on our continuing investigation
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Basically, I'm forced to get on YouTube for my last resort and see if I can get any help ... The whole purpose of this video is not to make Bank of America look bad, but to inform Ken Lewis the CEO of Bank of America what is going on. It's hard to imagine that with me filling the properties back up, get...
SOURCE: Huffington Post
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