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16 Oct 2009 10:57

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Biz: Bank of America CEO Ken Lewis is retiring without his 2009 salary

  • $1.5 million the amount Lewis was supposed to take home before the White House’s pay czar Kenneth Feinberg took it away source
Posted by Ernie Smith • 0 Comments • Permalink

10 Oct 2009 07:06

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Biz: Retrospect, my name is Bank of America: A not-classic U2 rewrite

  • Did this disappoint you, or leave a bad taste in your mouth? You know, this video seemed out of place a few years ago, when it first became popular, when Bank of America was still riding high. Now, with the company still paying back TARP funds, living down its unpopular purchase of Merrill Lynch and famously charging absurd fees, it’s just sick. Ethan Chandler of Bank of America took U2’s message of comradery and twisted it into a message of greed. Way to miss the point.source
Posted by Ernie Smith • 0 Comments • Permalink

30 Sep 2009 20:00

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Biz: Bank of America CEO Ken Lewis sure regrets that Merrill Lynch merger

Lewis will be retiring at the end of the year, the victim of months of heavy scrutiny – by regulators and investors – of the failed merger. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Sep 2009 10:13

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Biz: Citigroup, Bank of America feeling the executive-pay squeeze

  • $45 billion amount each bank still owes the government in TARP bailout funds; hurry up and pay it source
Posted by Ernie Smith • 0 Comments • Permalink

25 Sep 2009 19:17

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Offbeat: This is the biggest number we’ve ever posted on the site

1,784 billion, trillion dollars
  • Some guy named Dalton Chiscolm with a lot of pent-up anger against Bank of America sued the financial giants for this amount of money. We wonder what size bills he would like that in.source
Posted by Ernie Smith • 0 Comments • Permalink

22 Sep 2009 21:18

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Biz: J. P. Morgan Chase and Bank of America stop leaning on overdrafts

  • Bank of America and Chase will limit the number of times you can get nicked by overdraft fees in a day. source
  • If you go under your limit by less than $5 (Chase) or $10 (Bank of America), you won’t get overdraft fees. source
  • Best of all for Chase customers, they will no longer charge overdrafts in order of cost, highest value first. source
Posted by Ernie Smith • 0 Comments • Permalink

17 Aug 2009 10:44

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Biz, U.S.: Obama’s pay czar will take back executive pay if he has to

  • Whether I have jurisdiction to decide his compensation or not, we will take a look and decide over the next few weeks.
  • Obama pay czar Kenneth Feinberg • On what he’s considering doing to companies that have been slow to pay back money from the TARP program. Those companies include some of the government’s favorite targets: Citi, AIG, Bank of America, Chrysler Financial, Chrysler, General Motors and GMAC. Basically, two of the country’s biggest banks and the two auto companies that we bailed out. • source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Jun 2009 02:15

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Biz: Why former Countrywide CEO Angelo Mozilo is a bad, bad man

  • $387 million Amount Angelo Mozilo made as Countrywide CEO between 2002 and 2006. He co-founded the company in 1969 and was seen as a rags-to-riches story. source
Posted by Ernie Smith • 0 Comments • Permalink

27 May 2009 10:42

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Biz, U.S.: Bank of America somehow raised a lot of money really fast

  • $33 billion Amount the U.S. government told Bank of America to raise after recent stress tests gave them failing marks source
Posted by Ernie Smith • 1 Comment • Permalink

20 May 2009 08:44

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Biz: Now’s a pretty good time to buy Bank of America stock

  • 825 million number of shares the banking company is putting up for sale source
Posted by Ernie Smith • 0 Comments • Permalink
 
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