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The Motley Fool April 28, 2009 Morgan Housel |
Shakeup Looms at Bank of America Among other issues B of A investors must grapple with at their annual meeting is the fate of CEO Ken Lewis, who has been tarred and feathered after the multibillion-dollar Merrill Lynch acquisition blew up, nearly taking shareholders down with it. |
The Motley Fool January 16, 2009 Morgan Housel |
Bank of America Needs a Regime Change After news of a $2.39 billion quarterly loss and the announcement that dividends are all but history Bank of America investors now have sincere reasons to question the capability of CEO Ken Lewis. |
The Motley Fool April 23, 2009 Matt Koppenheffer |
Conspiracy at Bank of America? News breaks that Bank of America CEO Ken Lewis was supposedly strong-armed by the government to keep mum on the losses at Merrill Lynch. |
The Motley Fool June 11, 2009 Morgan Housel |
Does Ben Bernanke Hate Bank of America? Did Federal Reserve Chairman Ben Bernanke unlawfully railroad Bank of America into buying Merrill Lynch? Some say yes and now point to documents subpoenaed by the House Oversight and Government Reform Committee as evidence. |
Registered Rep. February 2, 2009 |
BofA's Lewis In Dissidents' Sights Just months ago, he was heralded as banker of the year. Now he's the target of a group of angry shareholders. |
The Motley Fool January 28, 2009 Tim Beyers |
Stocks the Rich Executives Are Buying Sometimes insiders are buying for all the right reasons. Who's at it this week? |
The Motley Fool October 1, 2009 Matt Koppenheffer |
Don't Let the Door Hit You, Ken Lewis! The CEO says the end of the year will be the end of his career with Bank of America. |
The Motley Fool April 21, 2009 Morgan Housel |
B of A's Ken Lewis: Still Mostly Clueless Maria Bartiromo asks Bank of America CEO Ken Lewis how he would prove to an upcoming shareholder meeting that Merrill Lynch won't become something that will require a 12-figure bailout by the federal government. |
The Motley Fool February 4, 2010 Morgan Housel |
Ken Lewis: A Fraudster, or Just Stupid? Or maybe a stupid fraudster? |
The Motley Fool September 15, 2009 Morgan Housel |
Justice for Bank of America Shareholders Bank of America shareholders are getting some justice, and those singlehandedly responsible for transforming the bank from a world-class enterprise into a taxpayer-sucking ward are being held accountable. |
The Motley Fool January 23, 2009 Morgan Housel |
Shame, Shame, John Thain The "take-the-money-and run-before-it's-too-late" behavior Merrill has exhibited at Thain's lead is, to say the least, appalling. |
The Motley Fool January 22, 2009 Morgan Housel |
Gone So Soon, John Thain? Merrill Lynch's John Thain has bowed out just weeks after selling his firm to Bank of America. |
Registered Rep. January 22, 2009 |
Thain Departs BofA--An $87,000 Rug? Say It Ain't So, John! Client AUMs Fall By 30 Percent In 2008 John Thain, former CEO of Merrill Lynch and the man who engineered the sales of the storied Wall Street firm to Bank of America in September, is leaving the combined firm immediately. |
The Motley Fool February 4, 2009 Morgan Housel |
First, Fire All the Bad Bankers One thing that most see eye to eye on is that management of bailed banks should be thrown out. And why not? Most employees can be fired for showing up late, while bank CEOs are still employed after obliterating hundreds of billions of dollars in wealth. It's appalling. |
The Motley Fool May 6, 2009 Morgan Housel |
Bank of America's Big, Fat, Gaping Hole Already widely expected to be short on capital, the hole blown in the side of B of A's balance sheet now appears bigger than many expected. |
The Motley Fool April 29, 2009 Matt Koppenheffer |
B of A Needs a New CEO Ken Lewis had his crack at running Bank of America and it hasn't turned out well. Should he be shown the door? |
Registered Rep. January 26, 2009 John Aidan Byrne |
New Head, But Same Old Mission For Merrill's Retail Bank of America has named general counsel Brian Moynihan, an executive well versed in legal and business principles, to replace John Thain. |
The Motley Fool December 8, 2008 Morgan Housel |
This Wall Street CEO Earned His Pay It's easy to boo Merrill Lynch CEO John Thain for his colossal payday, but if there's one Wall Street executive who actually deserves what he's asking for, it's him. |
Registered Rep. October 2, 2008 |
Thain Gets a Job at Bank of America Merrill Lynch CEO John Thain has accepted an offer to be president of Global Banking, Securities and Wealth Management at Bank of America. |
Bank Systems & Technology April 30, 2009 Maria Bruno-Britz |
Ken Lewis Remains BofA CEO for Now The Bank of America chairman was removed from his position and, although he retains the CEO title, his days may still be numbered. |
The Motley Fool December 8, 2008 Alex Dumortier |
Who Got the Better Deal: B of A or Merrill Shareholders? Merrill Lynch and Bank of America shareholders both approved the latter's acquisition of the former. However, the veneer of formal votes and the hearty handshakes of chief executives mask a critical question: Who got the better deal? |
Registered Rep. February 4, 2010 Halah Touryalai |
NY AG Names Names -- Charges Ken Lewis With Fraud The New York Attorney General's office today charged Bank of America CEO Ken Lewis with fraud for failing to disclose material details about Merrill Lynch in its merger with the brokerage. |
Bank Director 4th Quarter 2009 Jack Milligan |
For BofA, a Year of Living Dangerously While some might resent it, strong CEOs sometimes need strong boards to protect them from themselves. |
The Motley Fool November 6, 2008 Morgan Housel |
Throwdown: Bank of America vs. JPMorgan Let's compare these two megabanks to see which is the stronger company. |
The Motley Fool October 16, 2009 Morgan Housel |
Bank of America: Still Stumbling Another ugly quarter, but it could have been worse. |
The Motley Fool March 4, 2009 Morgan Housel |
Is Bank of America the Next to Crumble? While comparing B of A to Citigroup is hardly apples to apples, the trend is the same: Banks with dangerously low tangible common equity ratios must raise common capital lest even moderate future losses wipe out shareholders. |
The Motley Fool September 15, 2008 Alex Dumortier |
B of A Marries Merrill, Leaves Lehman We went into the weekend thinking Bank of America might rescue Lehman Brothers. In a twist that demonstrates how fluid the current environment is, now Lehman is out, with B of A announcing it will acquire Merrill Lynch in an all-stock deal. |
Registered Rep. April 20, 2009 John churchill |
Bank of America Q1 Earnings Beat Estimates; Top Financial Advisors Staying Put Bank of America joins Wells Fargo, Citi and Goldman Sachs on the list of banks reporting better than expected earnings in the first quarter. |
Registered Rep. June 11, 2008 |
Thain + You, Sittin' in A Tree Merrill Lynch CEO John Thain heaps praise upon the wealth management division during an interview. |
The Motley Fool January 15, 2009 Morgan Housel |
Bank of America Comes Back for Seconds After biting off more than it could chew with its acquisition of Merrill Lynch, Bank of America is heading back to the bailout line for a second helping. |
The Motley Fool October 22, 2008 Morgan Housel |
Another Insane Wall Street Pay Story One sneaky Merrill Lynch employee just scored himself a nice eight-figure windfall for no more than a few months work. |
Registered Rep. February 26, 2009 John Churchill |
AG Cuomo Has the Goods--What Will Come of Merrill Bonuses? Former Merrill CEO John Thain testified before the AG for the second time on Tuesday, abiding by a court order that he share the names of bonus recipients with the AG after he initially declined to do so. |
The Motley Fool January 28, 2009 Alex Dumortier |
Worst Stock for 2009: Bank of America Which 10 companies should you keep out of your portfolio? Find out in our special series on the Worst Stocks for 2009. Here, take a look at why Bank of America falls into the "cheap for a reason" category. |
The Motley Fool December 2, 2008 Alex Dumortier |
Paulson Calls a Bottom in the Mortgage Market It's worth listening to a hedge fund manager who has a clue. |
The Motley Fool August 25, 2009 Alex Dumortier |
Bernanke Is Sentenced to 4 More Years President Obama announced his nomination of "Helicopter" Ben Bernanke to a second term as chairman of the Fed. Bernanke is game -- but is he the right choice? |
The Motley Fool October 5, 2009 Morgan Housel |
With Lewis Gone, Is Pandit Next? Citigroup's current CEO, Vikram Pandit, replaced Chuck Prince in 2007, so he can't be blamed for many of Citi's problems. But you can still argue that he should be replaced. |
The Motley Fool January 28, 2009 Morgan Housel |
Here Comes the Pain for Thain Just days after resigning from Bank of America, former Merrill Lynch CEO John Thain has been subpoenaed by the New York Attorney General regarding $4 billion in bonuses paid just days before merging with B of A. |
The Motley Fool August 24, 2011 Morgan Housel |
Bank of America: Tangled in Charlotte's Web The megabank's nightmare. |
The Motley Fool May 16, 2008 Tom Hutchinson |
This Week in Banking Banking news: Raising capital is getting tougher for banks... Countrywide faces a shareholder lawsuit... Paul Volcker warned that the Federal Reserve Bank's political independence could be compromised... etc. |
The Motley Fool July 15, 2009 Morgan Housel |
Bank of America vs. Taxpayers Taxpayers offered their help. Now Bank of America doesn't want to pay up. |
BusinessWeek August 6, 2009 Roben Farzad |
Bernanke, Flying by the Seat of His Pants In Fed We Trust: Ben Bernanke's War on the Great Panic, by David Wessel, is an engrossing look at the central bank's swift reaction to the crisis, and how it is wielding its power. |
Registered Rep. November 10, 2009 David A. Geracioti |
Merrill Integration Ahead of Schedule, Says Lewis An article in the New York Post claims Merrill Lynch advisors are annoyed with Bank of America's (BoA) efforts to get them to offer their clients BoA checking accounts, but Ken Lewis says that's not true. |
Registered Rep. September 15, 2008 Kristen French |
Merrill Lynch Sells Itself To Bank of America: Update 3 The biggest question, now that BofA has agreed to buy Merrill Lynch, is what Bank of America will do to hold onto Merrill Lynch's dearest asset -- its approximately 17,000 financial advisors. |
The Motley Fool October 8, 2007 Matt Koppenheffer |
The Kids Aren't All Right, Stan Investors, did the losses at Merrill really come out of the blue? An estimated total $20 billion of losses suggests that "limited" was a severe understatement. |
The Motley Fool January 14, 2008 Matt Koppenheffer |
Increased Worry at Merrill How should investors read the huge losses that Merrill may be taking? |
BusinessWeek May 20, 2009 Dean Foust |
Can BofA CEO Ken Lewis Keep His Job? The pressure on Bank of America Chief Executive Officer Kenneth D. Lewis is growing by the day. Officials fear Washington wants to push the CEO out. |
The Motley Fool September 30, 2008 Morgan Housel |
What Part of the Bailout Plan Did You Miss? Picking apart the new plan. |
The Motley Fool February 26, 2008 Christopher Barker |
How Big Will the Bank Bailout Get? In a plea for help from the federal government, Bank of America warns that up to $739 billion in mortgages are at 'moderate to high risk' of defaulting. |
On Wall Street July 1, 2009 Frances A. McMorris |
Rebuilding Confidence After the Turmoil Building back investor confidence isn't the job of advisors alone. Regulators, politicians and policymakers are all grappling with different approaches to the problem. |
Registered Rep. February 10, 2009 |
In First Media Interview, McCann Says Resignation Was At A "Logical Time" In his first interview since leaving Merrill Lynch, Robert J. McCann says he maintains good feelings for both Merrill Lynch and the timing of his departure. |