Tag:
Ken Lewis
Latest Headlines
Latest Headlines
Bank of America's mortgage market share plunges
Bank of America continues to reel from its Countrywide purchase, which will likely go down as one of the worst corporate deals in modern history. One has to wonder how former CEO Ken Lewis feels
Bank of America confirms 30,000 job cuts
At the Barclays financial services conference, many executives of presenting banks are probably wondering why they bothered to show up at all. The only noise that people really wanted to hear was
Gasparino slams Bank of America CEO
It only takes a spark to start a fire, which could then turn into an inferno. Will Charlie Gasparino's latest diatribe against Bank of America CEO Brian Moynihan prove to be such a spark? Moynihan,
Bank of America assets sales get underway
Bank of America CEO Brian Moynihan in recent days has indicated that he is bent on selling more noncore assets in order to stave off either a massively dilutive capital raise or a sale of a true
Will Bank of America put Countrywide into bankruptcy court?
Few would disagree that Bank of America's purchase of Countrywide will go down as one of the great corporate blunders in the history of finance. It has claimed the legacy of former CEO Ken Lewis,
Moynihan struggles to turn Bank of America around
Bank of America CEO Brian Moynihan has unfortunately found out the hard way just how difficult it is to turn around a large bank. While he got off to a great start, generated some good media and made
Brian Moynihan finally putting the Countrywide fiasco behind him
Bank of America's ( NYSE:BAC ) stock rallied on the news that it had agreed to an $8.5 billion settlement 22 institutional investors over private-label putback claims. Breakingviews puts it in some
What to make of JPMorgan's shake-up
JP Morgan CEO Jamie Dimon has shaken up his executive team, and the analysis has begun in earnest. The biggest news is that Charles Scharf, the head of Chase Retail Financial Services (a major
Bank of America hikes goodwill impairment charge
Lots of people are questioning whether Bank of America has won or lost with ex-CEO Ken Lewis' purchase of Countrywide. The Merrill Lynch deal has also been debated. But have things deteriorated so
Media takes negative tone on Moynihan?
We've seen a couple of high-profile articles recently on Bank of America and its CEO, one in the Washington Post and one just published in the New York Times. The Post article had a more negative
