Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Bank of New York Mellon Corp.’s chiefexecutive officer, Robert Kelly, told his company’s operatingcommittee that he’s not interested becoming the head of Bank ofAmerica Corp.
“I want to be clear: I am not interested,” Kelly wroteyesterday to the operating committee of the New York-basedcompany, according to a memo obtained by Bloomberg News.
Bank of America, the biggest U.S. bank, is looking for anew chief as Kenneth Lewis plans to step down at year-end. TheCharlotte, North Carolina-based firm has broadened its search toinclude candidates who want to live in New York, people familiarwith the matter said. Cable television network CNBC reportedyesterday that Kelly was in the running for the position,without saying where it got the information.
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US Stocks Down Slightly With Financials Weak
Nov 6th, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--U.S. stocks traded slightly lower late Friday morning after a brief push into the green, as the U.S. unemployment rate surged to a 26-year high. The Dow Jones Industrial Average recently traded down 10 points...
US Should Give More Detail on Citigroup Guarantee, Panel Says
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- The U.S. Treasury Department shouldprovide regular disclosures about losses in the $301 billionpool of Citigroup Inc. assets that the government guaranteedlast year in its bid to stave off the bank’s collapse...
bofa's Moynihan Said to Agree to Testify About Merrill Takeover
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Bank of America Corp.’s BrianMoynihan, listed among contenders to succeed Chief ExecutiveOfficer Kenneth D. Lewis, agreed to testify about his role inthe Merrill Lynch & Co...
PENPIX-Possible Lewis replacements at BofA
Nov 5th, 2009 - Reuters
CHARLOTTE, N.C., Nov 5 (Reuters) - Bank of America Corp(BAC.N) CEO Ken Lewis' year-end retirement is fast approachingand the bank's search committee is still hunting for asuccessor.
Bank of America's top lawyer lacked active license
Nov 5th, 2009 - Boston
Bank of America, already under investigation for its controversial purchase of failing investment bank Merrill Lynch, is now under fire for a legal technicality involving a high-ranking executive from Wellesley. It turns out that the executive...
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