ken lewis

Banks in US still under fire

Bank of America, Ken Lewis and Joe Price face a law suit related to the Merrill Lynch merger, while Goldman Sachs pays each of its head honchos a $9 million bonus for 2009.
February 08, 2010

BoA Merrill raises equity to repay Tarp

Bank of America Merrill Lynch raises $19.3 billion through a share sale as part of a plan to repay its Tarp funding and extricate itself from government controls.
December 07, 2009

Bank of America Merrill Lynch boss Ken Lewis calls it a day

Bank of America Merrill Lynch CEO Ken Lewis will retire by year-end. An August reorganisation flagged Sallie Krawcheck, Brian Moynihan and Tom Montag as possible successors, but no clear handover strategy has emerged.
October 01, 2009

More questions about Merrill merger

Decision-makers at Bank of America were influenced by regulators to let the merger proceed with the resultant impact on BoA seemingly not a key consideration.
April 26, 2009

Will Merrill cost Ken Lewis his job?

Proxy advisory agencies and a large Bank of America investor advise shareholders to hold the chairman and CEO responsible for going ahead with the Merrill merger.
April 23, 2009