If you believe the betters at Intrade, Goldman Sachs CEO Lloyd Blankfein has a 75% chance of keeping his job through the end of the year. But unless you're on the Goldman board, how do you really know? By combing through recent corporate history, we found some warning signs that a CEO is being fitted for his parachute. Here are four that might signal change is in the air.
Bank of America said Monday it will pay the U.S. government $425 million to end a federal backstop of assets related to its purchase of troubled brokerage Merrill Lynch earlier this year.
Bank of America Corp. responded Tuesday to conflicting reports of branch closings by saying that the company has not made any final decisions.
Former Treasury Secretary Henry Paulson, testifying before Congress for the first time since leaving office, defended his role Thursday in salvaging a controversial deal struck during the height of the banking panic last fall.
Now that the stress tests are over, the big banks can't emphasize enough that they don't need any more help from the government.
New York State Supreme Court Justice Bernard Fried ordered Bank of America on Wednesday to disclose information about nearly $3.6 billion in bonuses Merrill Lynch paid employees just before it was acquired by the bank.
Merrill Lynch may have misled Congress in November about its employee bonuses, New York Attorney General Andrew Cuomo said in a filing on Wednesday.
Seven former Merrill Lynch executives have been subpoenaed by New York Attorney General Andrew Cuomo over $3.6 billion in bonuses paid out just before the company was acquired by federally bailed-out Bank of America last year, a source close to the investigation told CNN.
Bank of America's chief executive officer spent four hours Thursday testifying in an investigation into the $3.6 billion in bonuses that Merrill Lynch paid out just before it was acquired by the bank last year, but still refused to give out the details of those payments.
Bank of America's chief executive officer spent four hours Thursday testifying in an investigation into the $3.6 billion in bonuses that Merrill Lynch paid out just before it was acquired by the bank last year, but still refused to give out the details of those payments.
Bank of America proved it was not invulnerable to the credit crunch as it reported a steep decline in earnings on Monday, and announced plans to bulk up on capital by slashing its dividend in half and raising $10 billion through a stock sale.
Bank of America agreed to buy Merrill Lynch early Monday in an all-stock deal valued at as much as $50 billion, the clearest sign yet of the upheaval reshaping the nation's banking and securities industries.
Time.com: Kenneth Lewisupdated: Mon Sep 15 2008 19:25:00
How the Bank of America chief made the financial giant even bigger
Forget Countrywide. What about the environment?
Bank of America Corp.'s quarterly profits plunged 77% as the bank set aside more cash for bad loans and took another writedown on its mortgage-related portfolio, the company said Monday.
Bank of America Chairman and CEO Kenneth Lewis said Tuesday his company planned to forge ahead with deal to acquire embattled mortgage lender Countrywide Financial, which had just reported a steep quarterly loss.
For Bank of America CEO Kenneth Lewis, it's been a crazy day, the ultimate in Wall Street whipsaw. Early Tuesday, the financial services giant shocked investors by announcing a 95 percent collapse in fourth quarter earnings. When markets opened, Bank of America's stock suffered a massive selloff in what looked like a black day for the country's biggest bank.
Bank of America, stung by a $5.3 billion mortgage-related writedown, reported a steep drop in quarterly results Tuesday that fell short of expectations.
Time.com: Banker of Americaupdated: Thu Jan 17 2008 01:45:00
Kenneth Lewis brought calm to the rattled financial industry by agreeing to take over Countrywide. But he doesn't want to save banking -- just dominate it
Bank of America came to the rescue of embattled mortgage lender Countrywide Financial Corp. Friday, announcing it would buy the company for $4 billion in an all-stock deal.
Late last summer, Bank of America and its deal-hungry chief Kenneth Lewis won kudos for a $2 billion investment in Countrywide Financial, the once high-flying mortgage lender hit hard by the housing slump.
More troubling news erupted from the financial services sector Wednesday as some of the nation's largest banks warned of bigger-than-expected writedowns and admitted that this quarter's results would be disappointing.
Bank of America announced Wednesday that it will restructure its investment banking unit, starting with that unit's president.
Bank of America reported disappointing third-quarter results Thursday, as this summer's market meltdown resulted in a big hit within the company's investment banking business.
Bank of America is pushing for removal of the federal law that stops banks from using acquisitions to hold more than 10 percent of the nation's bank deposits, according to a published report.
Bank of America has been known to make some large-scale acquisitions in the past.
Bank of America, betting that financial "supermarkets" are the future despite recent skepticism, announced Thursday that it will buy credit card giant MBNA Corp. for $35 billion.
On June 16 and 17, CEOs, government regulators and money managers from more than 100 firms, representing more than $10 trillion dollars in assets under management, convened in New York City for MON...
On a September day in 1969, Ken Lewis, fresh out of Georgia State University, came to his orientation session at North Carolina National Bank. He'd been hired as a credit analyst, but he had big th...
Fortune: NOW HEAR THIS updated: Mon Dec 12 1994 00:01:00
-- KENNETH D. LEWIS, 47, president of NationsBank, heir apparent to CEO Hugh McColl: | "At the end of the day we want to grow, and not be the most profitable small bank in America. My boss has remi...
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