Ohio AG takes lead role in securities lawsuit alleging concealment by Bank of AmericaSeptember 30th, 2009 Ohio AG takes lead role in Bank of America lawsuitCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank's merger with Merrill Lynch.
Biographical details on Ken Lewis, who is retiring Dec. 31 as CEO of Bank of AmericaSeptember 30th, 2009 Biographical details on Bank of America's LewisNAME — Kenneth D. Lewis
AGE — 62.
Bank of America names Holliday director, passes resolution to cut board size to 15 directorsSeptember 21st, 2009 Bank of America appoints new directorCHARLOTTE, N.C. — Bank of America Corp.
Moody's Investors Service considers downgrade for Sallie Mae ratings, citing profit, cash flowAugust 27th, 2009 Moody's mulls downgrade for Sallie MaeNEW YORK — Moody's Investors Service said it is considering downgrading long-term ratings for the nation's biggest student lender, Sallie Mae, citing earnings and cash-flow generation at the company. Sallie Mae, formally called SLM Corp., faces significant uncertainties over the political and consumer lending environment for student lenders, Moody's also said.
Bank of America shares up after bank exec, US hedge fund Paulson & Co. buy sharesAugust 13th, 2009 BofA shares jump after exec, hedge fund buy sharesCHARLOTTE, N.C. — Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares.
Barclays says BlackRock offer for asset management arm is compellingAugust 6th, 2009 Barclays backs BlackRock offer for BGILONDON — British bank Barclays PLC said Thursday that U.S. investment manager BlackRock Inc.'s offer for its asset management arm, Barclays Global Investors, was a "compelling proposal" that could generate as much as $14.2 billion pounds.
Former Citi CFO Krawcheck to run BofA's investment operations; bank makes other exec movesAugust 3rd, 2009 Former Citi CFO takes Bank of America jobCHARLOTTE, N.C. — Bank of America Corp.
Bank of America pays $33-mn fine for misleading bonusesAugust 3rd, 2009 WASHINGTON - The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when it acquired the investment bank. While seeking stockholder approval of the deal to acquire Merrill Lynch, the Bank of America said that Merrill would not pay year-end bonuses to its executives, the Securities and Exchange Commission said.
Bank of America pays $33 million SEC penalty for misleading investors about Merrill bonusesAugust 3rd, 2009 BofA agrees to $33M SEC fine over Merrill bonusesWASHINGTON — Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.
Bank of America reveals resignations of 3 board membersJuly 31st, 2009 3 Bank of America board members resignNEW YORK — Three directors resigned from Bank of America Corp.'s board this week, the Charlotte, N.C.-based bank said in a regulatory filing. John T. Collins, William Barnet, III and Gary L.
GM cleans house at overseas operations, names dozens of new execs as shake-up spreads abroadJuly 24th, 2009 GM names dozens of new execs to overseas postsNEW YORK — General Motors Co. is installing more than a dozen new executives to its international operations, as the automaker's sweeping shake-up of top management spreads overseas.
Sallie Mae, Nelnet awarded 5-year government loan-servicing contractJune 18th, 2009 Sallie Mae awarded gov't loan-servicing contractNEW YORK — The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government. Reston, Va.-based Sallie Mae, officially called SLM Corp., is the country's biggest student lender.
BlackRock to pay $6.6B in cash, plus stock for Barclays PLC's asset management arm & iSharesJune 12th, 2009 BlackRock to buy asset management arm of BarclaysLOS ANGELES — After weeks of speculation, U.S. investment manager BlackRock Inc.
O. Temple Sloan Jr. resigns from Bank of America board after 13 yearsMay 29th, 2009 Temple Sloan resigns from Bank of America boardNEW YORK — Bank of America Corp. says its lead outside director, O.
Deutsche Bank names former Sen. Hagel to advisory boardMay 6th, 2009 Hagel named to Deutsche Bank advisory boardNEW YORK — Deutsche Bank said Wednesday it appointed former U.S. Sen. Chuck Hagel to its Americas advisory board.
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