Thursday, November 20, 2008
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Loan Modification

BofA CEO Lewis On Mortgage Business And Countrywide

Posted by Moe Bedard On July - 10 - 2008

Kenneth Lewis He is speaking to a packed house at a Town Hall Los Angeles luncheon, and I will update later with video clips and Q&A. But here are highlights from an advanced copy of the speech.

Lewis says BofA wants to help struggling homeowners stay in there homes, but admits he can’t help everyone.

“The first step is to review how we got here,” the CEO says in prepared remarks. “There were a lot of factors that played a role. Think of it as a ‘perfect financial storm.’”

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BofA CEO sees more consolidation in bank industry

Posted by Moe Bedard On May - 19 - 2008

 The head of the nation’s largest consumer bank says the ongoing U.S. economic downturn will accelerate consolidation in the banking industry.

Bank of America Corp. (nyse: BAC - news - people ) chief executive Ken Lewis spoke Thursday to business students at New York University. He said the nation’s financial service companies are likely to come under pressure to combine as they emerge from on the credit crunch and mortgage market turmoil.

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