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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Kenneth Lewis

Kenneth Lewis stories: 6 news summaries
OPINION

Banks Have Gotten a Bum Rap: BofA Chief Ken Lewis

The steps already taken are working, so let the market sort it out

Mar 9, 09 8:57 AM CDT
(Newser) - Banks have been unfairly tarred by misconceptions about the current financial crisis, Bank of America CEO Kenneth Lewis argues in the Wall Street Journal. It's not true that banks aren't lending, he writes. They are just doing so more responsibly, as they should. And it's not true that bad banks... More »

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Bank of America • nationalization • mortgage loans • free markets • Kenneth Lewis • banks • financial crisis • TARP

BofA Boss Ordered to Testify in $3.6B Bonus Probe

Massive perks paid out before pricey bailout

Feb 20, 09 2:36 AM CST
(Newser) - Bank of America chairman Kenneth Lewis has been subpoenaed to testify in the investigation into possible deception of investors over the Merrill Lynch takeover, sources tell the Wall Street Journal. New York Attorney General Andrew Cuomo is exploring whether the bank broke the law by failing to inform investors of... More »

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Bank of America • Merrill Lynch • Andrew Cuomo • bonuses • John Thain • Kenneth Lewis • Wall Street bailout

BofA Boss Reluctantly Bags Bonuses

Bridling at political pressure, Lewis nixes cash for top execs

Jan 7, 09 8:37 AM CST
(Newser) - Despite being rankled by political pressure to forgo bonuses for himself and other top Bank of America execs, CEO Kenneth Lewis has asked the board to withhold bonuses for 2008, reports the Wall Street Journal. The company saw its stock fall 66% in 2008 and 3rd-quarter profits plunge 68%, and... More »

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executive compensation • Bank of America • Merrill Lynch • Wells Fargo • Kenneth Lewis • China Construction Bank

ANALYSIS

Bank of America CEO Lands His Biggest Fish Yet

Merrill bid puts bold Lewis over $150B in acquisitions

Sep 15, 08 10:29 AM CDT
(Newser) - Like predecessor Hugh McColl, Bank of America CEO Kenneth Lewis loves enormous deals. His 7-year reign has seen flashy conquests adding up to more than $150 billion, but never has he bagged a bigger trophy than Merrill Lynch, Reuters reports. The deal should fulfill Lewis’ oft-frustrated ambition to make BofA,... More »

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Bank of America • mergers and acquisitions • Merrill Lynch • Countrywide Financial • Kenneth Lewis

Bank of America Posts Slide but Beats Q2 Expectations

41% drop in net earnings still better than forecast; shares rise 9.3% pre-market

Jul 21, 08 7:33 AM CDT
(Newser) - Bank of America reported a 41% decrease in net income today, beating analyst expectations as writedowns shrank to $1.22 million in the second quarter from $2.81 billion a quarter earlier, reports the Wall Street Journal. The bank also said it expects to make money this year from... More »

MORE ABOUT:
Bank of America • earnings reports • Countrywide • subprime crisis • Kenneth Lewis

Earnings Report

Bank of America Posts 77% Dive on $6B in Writedowns

Writedowns pack bigger punch than analysts expected

Apr 21, 08 8:00 AM CDT
(Newser) - More than $6 billion in subprime writedowns sent Bank of America profits skidding for the third straight quarter today, as the nation's second-largest bank posted a 77% decline in net income for the first quarter. Earnings were $1.21 billion, down from $5.26 billion a year ago, reports Bloomberg.... More »

MORE ABOUT:
Bank of America • corporate earnings • Countrywide Financial • writedowns • subprime crisis • Kenneth Lewis

6 Stories


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