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ken lewis

Bank of America CEO Search in Limbo

by Moe Bedard

Apparently Bank of America Corp.’s (NYSE:BAC) search for a new CEO is at a standstill, according to a Wall Street Journal report.

The board was hoping to pick a successor for Ken Lewis by Wednesday, but the committee choosing the new CEO needs more time. Lewis actually forewarned that the committee was taking its time during [...]

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Bank of America CEO Lewis Issues Statement Regarding President Obama’s Speech

by Moe Bedard

CHARLOTTE, N.C., Sept. 15 /PRNewswire/ — Bank of America Chief Executive Officer Ken Lewis issued the following comments regarding President Barack Obama’s September 14 speech regarding financial regulatory reform.

“A year ago this week, the U.S. economy was on the brink of disaster. Large and important financial institutions were failing, as was confidence in our financial [...]

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BofA CEO Lewis On Mortgage Business And Countrywide

by Moe Bedard

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 [...]

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BofA CEO sees more consolidation in bank industry

by Moe Bedard

 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 [...]

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