Former Treasury Secretary Timothy F. Geithner said in his new book that members of the Obama administration “talked openly” about nationalizing banks such as Citigroup Inc. in the aftermath of the financial crisis, according to an article in the New York Times Magazine.
Former Bank of America Corp. Chief Financial Officer Joe L. Price agreed to pay $7.5 million to settle the New York attorney general’s lawsuit over alleged misrepresentations to investors about the bank’s 2009 purchase of Merrill Lynch & Co.
Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10 million to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch & Co.
Kenneth Lewis, the former Bank of America Corp. chief executive officer accused of recklessness involving losses at Merrill Lynch, lost his bid to have a securities claim dismissed from a shareholder lawsuit.
Isabel Santamaria thought she finally caught a break in her effort to save her Florida home from foreclosure after nine frustrating months: She reached Bank of America Corp.’s Office of the CEO and President.
Bank of America Corp. former Chief Executive Officer Kenneth Lewis last week asked a judge to throw out the New York attorney general’s lawsuit accusing him of fraud when he led the bank’s purchase of Merrill Lynch & Co.
Warren Buffett ’s Berkshire Hathaway Inc. sold its stake in Bank of America Corp. , ending an investment that spanned three and a half years in which the lender’s stock lost more than two-thirds of its value.
Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.