The inspector general reviewing the $700 billion federal bank bailout program said some U.S.

Bank of America Chief Executive Officer and President Kenneth Lewis will retire at the end of the year, the bank announced Wednesday. The bank said Lewis will retire as a CEO and as a director, but stay on board to ensure a successor can be named. Lewis is at the center of a controversy involving the bank and leading U.S.

A congressional committee has given Bank of America until Monday to divulge details of the merger with Merrill Lynch the bank considered protected information.

Five major acquisitions in the past four years have contributed to the high turnover rate among top executives at Bank of America, a company spokesman said. The level of leadership turnover we've experienced is consistent with the history of the organization and a consolidating industry, said spokesman Scott Silvestri. But others worry that the 13 percent per year executive turnover rate has hurt the nation's largest bank, the Charlotte Observer reported Wednesday..

A judge said Bank of America must reveal the names of employees who received bonuses that New York Attorney General Andrew Cuomo has called extravagant.