No New CEO For B of A, Wells Fargo Repays TARP

Posted: December 14, 2009 at 6:41 pm

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Citigroup’s (NYSE:C) announcement that it will pay back its TARP funds was not enough news for the day from the banking sector.

Bank of America (NYSE:BAC) will not hire Robert Kelly current CEO of Bank of New York Mellon (NYSE:BK) He does not want Ken Lewis’s job.

Wells Fargo (NYSE:WFC) has disclosed that it will pay its $25 billion TARP obligation.

Douglas A. McIntyre

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