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Latest Kenneth Lewis Stories

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2009-10-02 13:15:00

U.S. financial giant Bank of America said it formed a search committee to find a replacement for beleaguered Chief Executive Officer Kenneth Lewis. Lewis announced he would retire Dec. 31, at the end of what turned out to be a year of controversy that began with the purchase of struggling Merrill Lynch. Months later, a federal judge in New York refused to sign off on a $33 million settlement Bank of America agreed to pay, while admitting no wrongdoing, for allegedly keeping secrets from its...

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2009-10-01 13:46:09

Kenneth Lewis' resignation from the top job at Bank of America may signify a bubble has burst in large-scale U.S. banking, a finance professor said. The resignation announced Wednesday, is not just the end of a CEO, this is the end of an era in American commercial banking, Tony Plath, a professor at the University of North Carolina, Charlotte, told The Washington Post. The financial supermarket could die when Ken leaves, he said. Lewis arrived at North Carolina National Bank in 1969, when it...

2009-04-29 18:23:53

Bank of America Corp. said President and Chief Executive Officer Kenneth Lewis would no longer serve as the bank's chairman. Shareholders at an annual meeting voted narrowly to split Lewis's jobs, The Wall Street Journal reported Wednesday. Lewis will keep his CEO and president responsibilities. After the vote, the board elected bank Director Walter Massey to serve as chairman. Executives from Habitat for Humanity and the United Way pitched support for Lewis, who has been criticized for the...

2009-02-05 17:50:57

The chief executive officer of Bank of America Corp. spent $2.2 million recently buying shares in the U.S. bank, about half of that this week, officials say. Two weeks ago, CEO Kenneth Lewis bought 200,000 shares for $1.2 million, the Charlotte, N.C., Observer reported Thursday. Earlier this week, he bought the same amount of shares, paying about $958,000, the Observer said. Bank of America reported its first quarterly loss in 17 years in the fourth quarter and has received billions of...


Word of the Day
ween
  • To think; to imagine; to fancy.
  • To be of opinion; have the notion; think; imagine; suppose.
The word 'ween' comes from Middle English wene, from Old English wēn, wēna ("hope, weening, expectation"), from Proto-Germanic *wēniz, *wēnōn (“hope, expectation”), from Proto-Indo-European *wen- (“to strive, love, want, reach, win”).
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