NEW YORK (Reuters) - For executives at Bank of America Corp <BAC.N> and Citigroup Inc, <C.N> it pays to be just below the top. At both banks, investment banking heads received compensation that dwarfed their chief executive's pay. Citigroup said its chief ...
<div><p>WASHINGTON (Reuters) - Former Treasury Secretary Henry Paulson says in prepared congressional testimony that he told Bank of America <BAC.N> Chief Executive Kenneth Lewis the Federal Reserve could oust the bank's management and board if they walked away from a planned merger ...
<div id="subtitle">Former Treasury Secretary Paulson defends response to financial crisis in bipartisan probe</div><div><p>Defending the government's handling of the economic crisis last year, former Treasury Secretary Henry Paulson said Wednesday that the Bush administration's responses were not perfect but "saved this nation from ...
<div><p>WASHINGTON (Reuters) - Former U.S. Treasury Secretary Henry Paulson said that he acted appropriately in warning Bank of America Chief Executive Kenneth Lewis that top executives could be ousted if they walked away from a merger with Merrill Lynch.</p><p>While Paulson acknowledged in ...
<div id="subtitle">House committee chairman troubled by federal dollars in Bank of America-Merrill Lynch deal</div><div><p>A lawmaker is accusing Bank of America's chief executive of manipulating the government into paying $20 billion so the bank could buy troubled Merrill Lynch.</p><p>The ...
<div id="subtitle">House lawmakers say Paulson bent to bank CEO; Paulson defiant</div><div><p>Lawmakers accused former Treasury Secretary Henry Paulson on Thursday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial ...
<div id="subtitle">House lawmakers say Paulson bent to bank CEO; Paulson defiant</div><div><p>Lawmakers accused former Treasury Secretary Henry Paulson on Thursday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial ...
<div><p>NEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, posted a quarterly profit that topped Wall Street forecasts but warned of a fresh surge in soured loans to credit card, mortgage and business customers.</p><p>Soaring credit losses may add to ...
<div><p>Bank of America said Friday it earned a profit of 3.2 billion dollars in the second quarter, down 5.9 percent from a year ago but better than analyst forecasts.</p><p>The profit amounted to 33 cents per share when taking into account dividends paid ...
<div><p>NEW YORK (Reuters) - A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp <BAC.N> over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to ...
