Bank of America names team to oversee search for new CEO to replace LewisOctober 2nd, 2009 BofA board forms CEO search committeeCHARLOTTE, N.C. — Bank of America Corp.
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.
Former Treasury secretary Paulson says he was justified in threatening bank CEO's jobJuly 16th, 2009 Paulson says he pressured Bank of America CEOWASHINGTON — Former Treasury Secretary Henry Paulson testified on Thursday that he pressured Bank of America Corp. last year to go through with its plans to buy Merrill Lynch but didn't tell the bank's chief to hide potential losses from shareholders.
House lawmakers accuse former Treasury secretary Paulson of bending to bank, Paulson defiantJuly 16th, 2009 Lawmakers accuse Paulson of bending to bank CEOWASHINGTON — House lawmakers on Thursday accused former Treasury Secretary Henry Paulson of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize the financial markets last year. Paulson, testifying for the first time since leaving office in January after putting in place a $700 billion bank bailout program, was defiant in his response and admitted no wrongdoing.
House lawmakers say Paulson bent to bank CEO; Paulson defiantJuly 16th, 2009 Lawmakers say Paulson kept bailout details secretWASHINGTON — Lawmakers accused former Treasury Secretary Henry Paulson on Thursday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial markets last year. Paulson, testifying for the first time since leaving office in January after putting in place a $700 billion bank bailout program, was defiant in his response and admitted no wrongdoing.
Bank of America authorizes $713 million payment to government under TARPJuly 2nd, 2009 Bank of America sets $713 million TARP paymentCHARLOTTE, N.C. — Bank of America Corp.
Paulson to testify July 16 before House panel probing Bank of America's acquisition of MerrillJune 29th, 2009 Paulson to testify July 16 about BofA-Merrill dealWASHINGTON — Former Treasury Secretary Henry Paulson will testify next month before a House committee that's investigating whether he and other government officials pressured Bank of America Corp. to acquire Merrill Lynch in a deal that cost taxpayers $20 billion.
Bernanke to face hostile questioning by lawmakers on Bank of America, Merrill Lynch dealJune 25th, 2009 Bernanke to face hostile questioning on BofA dealWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a "shotgun wedding" with Merrill Lynch that cost taxpayers $20 billion.
Fed chairman Bernanke faces House committee over Bank of America-Merrill Lynch dealJune 25th, 2009 Fed chairman Bernanke faces House committee todayWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a "shotgun wedding" with Merrill Lynch that cost taxpayers $20 billion.
House subpoenas documents that could shed new light on Fed's role in Bank of America mergerJune 19th, 2009 House targets Fed in Bank of America investigationWASHINGTON — A House panel has subpoenaed documents that lawmakers say could shed new light on Federal Reserve Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch. The subpoena comes ahead of a hearing next week in which Bernanke is scheduled to testify.
Bank of America CEO says gov't pressured him to buy Merrill Lynch despite concerns about dealJune 11th, 2009 CEO: Government pushed bank to buy Merrill LynchWASHINGTON — House lawmakers on Thursday accused federal regulators of a gross misuse of power in orchestrating a "shotgun wedding" between Bank of America Corp. and Merrill Lynch & Co.
2 more directors, Jackie Ward and Patricia Mitchell, resign from BofA's embattled boardJune 9th, 2009 2 more directors leave Bank of America's boardNEW YORK — Two more Bank of America Corp. directors are leaving, the company said Monday.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
Allied Irish Banks investors approve euro3.5 bln bailout, pelt apologetic chairman with eggsMay 13th, 2009 AIB investors OK bailout, pelt chairman with eggsDUBLIN — Angry investors in Allied Irish Banks have voted to approve a euro3.5 billion ($4.75 billion) taxpayer bailout at an emergency meeting — during which one livid shareholder pelted the chairman with eggs. Bank chairman Dermot Gleeson announced Wednesday's approval of the deal following a tense question-and-answer session with furious AIB shareholders.
Pandit, other top US bankers to defend use of bailout fundsFebruary 10th, 2009 WASHINGTON - Vikram Pandit, Indian American chief executive of CitiBank, and the heads of seven other major American banks will defend the use of hundreds of billions of dollars in bailout money to lawmakers on Capitol Hill Wednesday. 'American people are right to expect that we use funds responsibly, quickly and transparently to help American families, businesses and communities,' Pandit is expected to say before the House Financial Services committee, according to prepared remarks.
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