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Bank of America Corp. plans to select an emergency CEO this week in case Ken Lewis steps down before the end of the year, The Wall Street Journal reported Monday.
A judge's condemnation of the Securities and Exchange Commission in rejecting its $33 million settlement with Bank of America over bonuses at Merrill Lynch dealt a stinging rebuke to an agency seeking to mend its image after its failure to detect Bernard Madoff's fraud scheme.
A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. misled shareholders about bonuses paid by Merrill Lynch.
For generations, General Motors fueled America's love affair with the automobile, building cars that defined their owners' status in life and the industrial might of the nation. But less than a year after entering its second century, the company that survived wars, international rivalry and even the Great Depression is being driven by the government into bankruptcy court.
Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.
Bank of America Corp. Chief Executive Ken Lewis is reassuring employees that his company is not discussing a larger ownership stake with the federal government.
Bank of America Corp. Chief Executive Ken Lewis capped off a week of defending his bank and his role in it on Friday by firing back against rumors that his company could be in danger of nationalization.
Most of the passengers aboard a US Airways flight that crashed Thursday into New York's Hudson River were headed for the Queen City, including several employees of the two banks that dominate the city's business community.
Shareholders of Merrill Lynch & Co. and Bank of America Corp. on Friday approved the investment bank's sale to Bank of America, a move that will create the nation's largest financial-services firm.
Bank of America Corp. on Monday reported third-quarter results earlier than planned, revealing a wider-than-expected profit drop and plans to boost capital by selling $10 billion stock and halving its dividend.
Bank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities.
Bank of America Corp. is exiting the wholesale mortgage business and sending more executives packing as the nation's second-largest bank continues shaking up its operations following a dismal third quarter.
After a tough third quarter, Bank of America Corp. has become the latest bank to slash jobs due to poor results brought on by the unrest in global credit markets.
Charles Schwab Corp. is selling wealth-management specialist U.S. Trust to Bank of America Corp. for $3.3 billion in cash, ending an ill-fated attempt to marry the discount stock brokerage's do-it-yourself style with a service devoted to pampering multimillionaires.
If you were the president of USA, what would you do to make America better? Better as in economic sense, justice, quality of life, etc...
Writers Guild board approves tentative contract - Los Angeles TimesMoving one step closer to ending the 4-month-old strike, the board of the Writers Guild of America unanimously blessed this morning the tentative accord reached last week with the studios.
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