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December 3, 2008 12:55:52 PM CST


Kenneth D. Lewis

Kenneth D. Lewis news stories

3 Stories

(Newser) - The financial world has been rocked to its foundations in a few short days, with a handful of men making momentous decisions. The Wall Street Journal outlines the key players. Henry Paulson. No Treasury chief has wielded such power. He decides whether big firms live or die via federal bailouts. Will his too-big-to-fail philosophy stand the test of time? John Thain. The Merrill Lynch CEO saw the writing on the wall for his own firm while working on the Lehman crisis. In less than 24 hours, he hammered out a deal to sell Merrill to Bank of America. More »

More about:  Financial Crisis Wall Street Henry Paulson Merrill Lynch Bank of America John Thain Richard Fuld Kenneth D. Lewis

BofA Faces Big Risks With Countrywide

CEO Lewis confident
of his bet on mortgage lender

(Newser) - For Bank of America CEO Kenneth Lewis, buying beleaguered mortgage lender Countrywide Financial fits into his retail strategy to offer customers full-service banking and, in the process, sell additional services, reports the New York Times. But, whether BofA can cross-sell Countrywide’s customers aggressively enough to offset potential losses from the damaged lender’s mortgage business is a huge unknown. More »

More about:  Bank of America Countrywide Financial Kenneth D. Lewis

Shake-up Rocks I-Banking Unit After Deep Losses

Bank of America hires new unit president, announces lay-offs

(Newser) - After last week’s dismal report card for its investment arm, Bank of America replaced that unit’s president and announced a slate of reforms to recharge the business. Gene Taylor abruptly retired and will be replaced by Brian Moynihan, the bank’s president of Global Wealth and Investment Management, and an architect of its FleetBoston merger, reports the Wall Street Journal . More »

More about:  Wall Street Bank of America banking investment bank financial services Kenneth D. Lewis

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