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.
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.
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.
Elizabeth Warren, the Harvard University law professor who heads the congressional watchdog group for the $700 billion Troubled Asset Relief Program, is the driving force behind a proposal now being weighed by Treasury Secretary Timothy Geithner to create a consumer financial products commission.