Bank of America

Like the elderly couple that has money in the bank but nevertheless scrimps and saves every last scrap of food because they lived through the depression, flashbacks to John Thain skipping board meetings to powwow with decorators to select the finest drapes and trashcans money could buy keeps Greg Fleming in check. Read more »

  • 27 Mar 2014 at 2:51 PM

Ken Lewis To Continue Cooling His Heels For A While

Bank of America Corp. and former Chief Executive Kenneth Lewis took big steps to put the financial crisis behind them by paying state and federal agencies to settle lawsuits over the acquisitions of Countrywide Financial Corp. and Merrill Lynch & Co…Mr. Lewis agreed to pay $10 million and accept a three-year ban from work at any public company as part of the New York settlement. Bank of America will cover Mr. Lewis’s penalty, according to people familiar with the deal. Mr. Lewis neither admitted nor denied wrongdoing. [WSJ]

  • 19 Mar 2014 at 11:45 AM

Layoffs Watch ’14: Bank of America

A small number of employees will be bidding the House of Moynihan adieu today. Read more »

Joe Landes and Bobby de Groot know what we’re talking about. Read more »

  • 27 Feb 2014 at 10:00 AM

The Financial Crisis Hasn’t Ended At The SEC

Or at the Justice Department or CFTC or FCA or SFO. Read more »

Bank of America mortgage servicers, not so much. Read more »

  • 20 Feb 2014 at 12:56 PM
  • Banks

Bonus Watch ’14: Bank of America CEOs

Despite the 17% bump for his many troubles last year, Brian Moynihan is still not the best-paid man at BofA—and will still allow Jamie and Lloyd to pick up the check at lunch. Read more »