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Documents unearthed by congressional investigators reveal disagreements among senior Federal Reserve officials about how to handle Bank of America Corp.'s acquisition of Merrill Lynch, fueling...
The Republican Congressman wants to hang Ben Bernanke out to dry because he believes that the Fed Chief forced BoA Chairman Ken Lewis to go through with a bad deal.
A House panel has subpoenaed documents that lawmakers say could shed new light on Federal Reserve Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch.
I'm no fan of...
Tomorrow, Ken Lewis, the head of Bank of America goes in front of Congress to testify on the events leading to the Bank of America acquisition of Merrill Lynch. The lesson that he gets should be...
Ken Lewis saved Angelo Mozilo from doing a perp walk, and gave Merrill a sweetheart deal of century, but also took down the largest financial institution in the country and now has put the entire...
Just months ago, Kenneth D. Lewis was the triumphant hero. Today, he is struggling to defend a controversial conquest that now threatens the mighty empire he built at Bank of America.
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
In times like these, and stupidly only in times like these, people begin to look at the protection (insurance) coverage underwriting their own, individual brokerage accounts. And what one finds is...
It's all over the Web that Stan O'Neal is getting the boot at Merrill for the big write-down they took this quarter. Does he deserve it? Probably not. But you can't cry for him either.
Two months ago, everyone was saying that wealth management was going to save the entire banking industry and that Merrill Lynch is the master in wealth management so it is better situated that...