Behind Ken Lewis’s departure: Merrill

It was part of the corporate lore at Bank of America: Whenever legendary boss Hugh McColl would buy a bank in Florida, Texas, or Georgia in the 1980s and early 1990s, he’d call his trusted lieutenant Ken Lewis to his Charlotte office and order Lewis to fix the new acquisition to fit his revolutionary vision of a branch network stretching from coast to coast.

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Behind Ken Lewis’s departure: Merrill

Bank of America CEO Ken Lewis to retire

Ken Lewis, the beleaguered CEO of Bank of America, announced Wednesday that he will retire at year’s end.

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Bank of America CEO Ken Lewis to retire

Judge rejects Merrill bonus settlement

A federal judge struck down a proposed settlement reached between Bank of America and federal regulators over outsized bonuses paid to Merrill Lynch employee.

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Judge rejects Merrill bonus settlement

Big week ahead on Wall Street

Reports of the stock rally’s demise have been greatly exaggerated, with September so far managing to eschew a much-predicted selloff. A torrent of economic news this week could turn the tide.

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Big week ahead on Wall Street

The Merrill Lynch bonus saga drags on

Bank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses.

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The Merrill Lynch bonus saga drags on

Will any Wall Streeters go to jail for this?

In “Candide,” the philosopher Voltaire explained how the British once executed one of their own admirals who lost an important battle “pour encourager les autres” — to encourage the others not to dare repeat such a public failure. At present, there has been nothing remotely like that level of accountability for the Wall Street executives who led their firms — and nearly American capitalism — into the financial abyss.

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Will any Wall Streeters go to jail for this?

BofA to pay $33M fine over Merrill bonuses

The Securities and Exchange Commission filed charges Monday against Bank of America for misleading investors about billions of dollars in bonuses paid to top executives at Merrill Lynch following its purchase of the brokerage giant.

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BofA to pay $33M fine over Merrill bonuses

‘Car Wars:’ A peek into the automotive future

Most forecasts of future performance in the auto industry tend to be variations of tea-leaf reading. Analysts take a look at what companies are planning in the way of future models, make a guess about sales volumes, and lay that over a macroeconomic outlook. The results are compromised by too many hard-to-quantify variables

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‘Car Wars:’ A peek into the automotive future

Millionaire ranks cut by 19%

The global financial crisis took a heavy toll on the world’s wealthiest individuals last year, with the number of millionaires falling by a record amount, according to a report released Thursday.

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Millionaire ranks cut by 19%

Did Ken Lewis mislead shareholders?

One of the enduring mysteries about Ken Lewis’ decision to proceed with Bank of America’s $50 billion acquisition of Merrill Lynch last fall is why Lewis did not disclose Merrill’s growing weekly multi-billion dollar losses to his shareholders before they voted on the deal on December 5.

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Did Ken Lewis mislead shareholders?