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boston.com - 2 days ago
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boston.com —
Bank of America’s top lawyer lacked active license
(more)
Bank of America’s top lawyer lacked active license
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Above the Law
found this 2 days agofound this
online.wsj.com - 9 days ago
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online.wsj.com —
Companies that have received federal support, such as
GM, Chrysler and Bank of America, now have the
equivalent of 535 new board members -- 100 senators and 435 House members.
(more)
Politicians Butt In at Bailed-Out GM
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Bank of America Latest Blog Posts |
washingtontimes.com - 27 days ago
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washingtontimes.com —
Court documents show that federal regulators were told
about billions of dollars in bonuses awarded to Merrill
Lynch executives during the company's takeover by Bank of America - contradicting statements to Congress by Federal Reserve Chairman Ben S. ...
(more)
Despite denials, Feds knew of Merrill bonuses
nytimes.com - 26 days ago
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nytimes.com —
Facing mounting pressure from multiple investigations, Bank of
America ’s board has voted to reveal the legal
advice that the bank received late last year in its merger with Merrill Lynch . The stunning reversal, approved by the board Friday, removes ...
(more)
Bank of America to Reveal Legal Advice on Merrill Deal
bloomberg.com - 24 days ago
huffingtonpost.com - 23 days ago
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huffingtonpost.com —
The U.S. Treasury Department's pay czar pushed outgoing
Bank of America Corp. chief executive Kenneth Lewis into
giving back $1 million he received so far this year and forgoing the rest of his $1.5 million salary for 2009, say people familiar with ...
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Czar Blocks Bank Of America Chief's Pay
online.wsj.com - 22 days ago
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online.wsj.com —
Outgoing Bank of America CEO Ken Lewis will
get no salary or bonus for 2009, the biggest
Wall Street name thus far to come under the thumb of the U.S.'s pay czar.
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BofA's Lewis Won't Receive 2009 Pay
powerlineblog.com - 20 days ago
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powerlineblog.com —
Today the Obama administration's "pay czar" demanded that
Ken Lewis , Chairman of the Board of Bank
of America, work for free. The "czar," Kenneth Feinberg, pressured Lewis not only to forgo all remaining compensation for 2009, but to repay the $1 ...
(more)
"Pay Czar?!"
usatoday.com - 19 days ago
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usatoday.com —
As the Federal Deposit Insurance Corp. braces for
the 100th bank failure this year — the most
since 1992 — Bair warned that small community banks are struggling to compete against behemoths such as Citigroup and Bank of America . The reason: Last ...
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FDIC chief: Small banks can't compete with bailed
democracy-project.com - 17 days ago
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democracy-project.com —
According to Businessweek , many banks are reluctant
to approve short sales as the lending market and
government bailouts has provided cash flow for them to make payroll. Today banks take 9.5 weeks to respond to short-sale requests, vs. 4.5 weeks a year ago, says research firm Campbell ...
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Short Sales on a Short Leash
nytimes.com - 16 days ago
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nytimes.com —
In the whirl of the financial crisis, Bank
of America and Citigroup stood out for being among
the most troubled banks in the industry. Now, they will stand apart. The Obama administration’s plans to slash pay at heavily bailed-out firms force them to ...
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Bank of America and Citigroup Must Adapt to New Pay Rules
