4:26am ET
Banking, finance, and taxes
Ken Lewis Keeps His Day Job (BAC)
Ken Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman’s role from the CEO’s and the bank’s board was forced to elect a…
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Bank Of America Corp
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BAC Coverage
Page 1392:51am ET
Investing
Media Digest 4/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler out of…
12:13pm ET
Banking, finance, and taxes
BofA Needs More Time To Tally Votes on Lewis & Other Issues (BAC)
Bank of America Corporation (NYSE: BAC) has already had all of its votes turned in on the shareholder issues up for a vote. We have been (painfully) listening to the live webcast…
Douglas A. McIntyre 9:29am ET
Banking, finance, and taxes
Ken Lewis Gets Backing of Shareholder Activist Evelyn Davis (BAC, BLK)
Bank of America Corporation (NYSE: BAC) just started out its annual shareholder meeting with a traditional introduction from CEO Ken Lewis. It is no shock that he is under fire today, and…
4:49am ET
Banking, finance, and taxes
If Six “Stress Tested” Banks Need Money, Sell-Off Will Begin (BAC)(C)
Bloomberg reports that six of the 19 banks that went through the government’s “stress test” program will need to raise more capital. That list probably includes Citigroup (C) and Bank of America (BAC). …
3:53am ET
Banking, finance, and taxes
Warping Economic Data For Fun And Profit
When the Case-Schiller monthly data on housing is issued, economic analysts pour over the information city-by-city to look for signs of a housing recovery. The data for February did not show a…
Douglas A. McIntyre 2:52am ET
Investing
Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered. Reuters reports that a deal has been reached to cut Chrysler’s debt but…
3:34pm ET
Banking, finance, and taxes
Bank Of America (BAC) Does Not Need $70 Billion
Stock research firm FBR has had trouble with its analysis about the banking industry before. It recently wrote that the US banking system needs at minimum $1 trillion in new tangible common…
12:16pm ET
Banking, finance, and taxes
Does Ken Lewis Survive At B of A Past Wednesday? (BAC, C)
Wednesday will potentially mark the apex for the scandals and controversy surrounding Bank of America Corporation (NYSE: BAC) as far as its role in Merrill Lynch bonuses, whether Ken Lewis (and/or other…
4:44am ET
Banking, finance, and taxes
If The Government Owns The Car And Bank Industries, How Does It Get Money Back? (BAC)(C)(GM)(TM)
By the middle of the year, the federal government will own large, and in some cases, controlling interests, in two car companies and several major banks. There is a chance the the extent of rescue efforts…
2:57am ET
Investing
Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, world health officials are fighting to contain the new flu. Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money.…
2:59am ET
Media
Media Digest 4/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a new generation of netbooks may reshape the PC industry. Reuters reports that concerns about swine flu have spread across the globe causing health alerts. Reuters reports that John…
6:29am ET
Banking, finance, and taxes
Bank of America’s (BAC) Lewis Sold CFO His Porsche
Bank of America’s CEO Ken Lewis sold his CFO Joe Price a Porsche in 2007. According to SmarTrend, “While the details of the sale remain private, the transfer itself raises serious doubts…
Douglas A. McIntyre 3:16am ET
Banking, finance, and taxes
The Waterboarding Of Ken Lewis
Coercion and the use of force have been part of the American character since settlers started moving West at the end of the 18th Century. Gentility is not usually an acceptable approach…
3:00am ET
Media
Media Digest 4/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, tech giants reported reasonable earnings for last quarter because of cost cutting and a resilience in a bad economy. Reuters reports that Chrysler is still working on a deal…