Kenneth D. Lewis News
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Morgan Stanley and Bank of America Corp.’s bets on the brokerage business are finally paying off, helped by U.S. stock indexes near all-time highs. The firms’ own shares aren’t getting the same benefit.
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan has summoned more than 100 of his regional leaders to a private meeting today where they’ll be pushed to boost the lender’s flagging revenue, said two people with direct knowledge of the project.
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Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code.
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Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.’s mortgage mess, said he wouldn’t mind being chief executive officer of the lender forever.
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On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp., was attending a meeting in Washington when the floor heaved.
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New Jersey-based law firm Archer & Greiner PC dismissed 14 attorneys, including seven nonequity partners across a mix of practices, firm President Christopher Gibson said.
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Bank of America Corp., the second- largest U.S. lender, won Federal Reserve support to buy back as much as $5 billion in stock, the firm’s first repurchases since the financial crisis.
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Bank of America Corp. directors’ $20 million settlement of investor lawsuits over the purchase of Merrill Lynch & Co. is inadequate given the billions of dollars of harm the deal caused, objectors to the accord said.
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Every Friday afternoon, Barbara Desoer , president of Bank of America Corp.’s home loan unit, sits down alone to listen to another 20 telephone recordings.
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Brian T. Moynihan spent his first year as Bank of America Corp. ’s chief executive officer putting out fires smoldering from the financial crisis. In 2011, he’ll do it all over again.
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