Apr 23rd, 2009 - Washington Post
NEW YORK -- The Federal Reserve and the Treasury Department put considerable pressure on Bank of America to go through with its proposed merger with Merrill Lynch as the global financial system teetered in the final months of 2008, according to documents released today by New York State Attorney General Andrew Cuomo.
Ken Lewis, the head of Bank of America, which has received billions in taxpayer funds, told board members in a Dec. 22 meeting -- eight days before the transaction was to close -- that Fed and Treasury officials had informed him the board of directors and management of the bank he had presided over for years would be removed, according to minutes of the board meeting.
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US lawmakers seek BofA-Merrill probe
Apr 24th, 2009 - Reuters
WASHINGTON (Reuters) - Momentum is building among U.S. lawmakers for a probe into the merger of Bank of America (BAC.N) and Merrill Lynch, amid allegations that federal...
The Waterboarding Of Ken Lewis
Apr 24th, 2009 - TIME
Coercion and the use of force have been part of the American character since settlers started moving West at the end of the 18th Century. Gentility is not usually an acceptable approach to settling differences in the United States...
Bank of America's Lewis May Face SEC Probe of Merrill Testimony
Apr 23rd, 2009 - Bloomberg
April 24 (Bloomberg) -- Bank of America Corp. ChiefExecutive Officer Kenneth D. Lewis may face scrutiny by the U.S.Securities and Exchange Commission for failing to disclosemounting losses at Merrill Lynch & Co...
Pressure builds on BofA's Ken Lewis
Apr 23rd, 2009 - CNNMoney
NEW YORK (Fortune) -- Questions about whether Bank of America breached its duties to shareholders come at an inconvenient time for embattled CEO Ken Lewis. According to documents released Thursday by a top state prosecutor...
Bernanke and Paulson look foolish if Lewis is right
Apr 23rd, 2009 - MarketWatch
NEW YORK (MarketWatch) -- If Ken Lewis is telling the truth -- and he'd be foolish to lie to New York State Attorney General Andrew Cuomo -- then Federal Reserve Chairman...
Related videos from YouTube:
4:18Kucinich Grills Ken Lewis on Fed Emails
Former Bank of America CEO, Ken Lewis, testified June 11, 2009 to congress about the BOA's merger with Merrill Lynch. During the hearing Rep. Dennis Kucinich, D-Ohio, challenged Lewis to be more forthcoming about his dealings with the Federal Reserve during the merger ...
3:45Fire CEO Ken Lewis
www.takebacktheeconomy.org While Bank of America's CEO, Ken Lewis, is calling for business as usual, taxpayers are calling for change. It's time for Bank of America to stop the policies and practices that helped crash our economy and hurts its customers with unfair fees and hidden costs.
6:09Rep. Welch grills Bank of America CEO Ken Lewis
Rep. Peter Welch grills Bank of America CEO Ken Lewis July 11, 2009, about whether the bank kept critical information from its shareholders about the worsening financial situation at Merrill Lynch, which Bank of America had agreed to buy.
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