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Ken Lewis

March 28, 2009 | Associated Press
Top executives of the nation's biggest banks said Friday after meeting with President Obama that they would work with the administration on its economic recovery plans but want more specifics from the White House. Bankers said an administration proposal to jump-start lending, a problem at the heart of the industry's crisis, was encouraging. "People are looking at that. It's positive," Morgan Stanley's John Mack told the Associated Press in an interview.
February 7, 2009 | Associated Press
Bank of America Corp. Chief Executive Ken Lewis capped off a week of defending his bank and his role in it on Friday by firing back against rumors that his company could be in danger of nationalization. "It's absurd," Lewis said in an interview on CNBC, adding that he knew of no government officials who had talked about nationalizing the bank. Treasury Secretary Timothy Geithner and other top officials are close to finishing a plan to overhaul the government's $700-billion financial rescue fund.
May 4, 2007 | From the Associated Press
Eager to fill one of the few holes in its coast-to-coast business, Bank of America Corp. hinted Thursday that it wasn't likely to back down without a fight after a Dutch court blocked its purchase of LaSalle Bank Corp.
July 11, 2008
The precipitous decline in the housing market handed Countrywide Financial to Bank of America on a platter, allowing the latter to buy more than $200 billion worth of Countrywide assets for $2.5 billion in stock. Still, skeptical investors have pummeled the bank's shares since the deal was announced in January, driving it down 43%. The bank's situation is a microcosm of the entire industry, which is struggling to keep mortgages from going bad.
April 8, 2013 | By Jim Puzzanghera
WASHINGTON -- The Senate on Monday confirmed Mary Jo White to chair the Securities and Exchange Commission, placing a tough former prosecutor in the role as Wall Street's top watchdog. White was confirmed by a unanimous voice vote in the Senate, an indication of broad bipartisan support. The Senate Banking Committee voted 22-1 to approve her nomination last month, with the only no vote coming from Sen. Sherrod Brown (D-Ohio). Brown has been critical of federal officials in general for not being tougher on Wall Street.
February 14, 2009 | Associated Press
Bank of America Corp. Chief Financial Officer Joe Price assured employees Friday that the company had enough cash to finance operations for more than two years. "Market turmoil has created lingering industrywide concerns that magnify the importance of maintaining an extra level of capital to support business activities," Price said in a question-and-answer dialogue posted on the company's internal website.
June 12, 2013 | By E. Scott Reckard
Having slashed away much of its troubled mortgage business, Bank of America Corp. is now growing the what remains, the company's chief financial officer says.  CFO Bruce Thompson told analysts that Bank of America, once the nation's largest mortgage lender but now with just 4% of the market, is "getting what we believe is our fair share back. " "We ... expect to be in the 5% area as we exit the second quarter and we look to continue to grow from that," Thompson said Tuesday at a conference sponsored by Morgan Stanley at the Waldorf Astoria in New York.
October 17, 2012 | By E. Scott Reckard
Bank of America Corp. eked out a $340-million profit for the third quarter after earmarking another $1.6 billion for legal costs, but revenue fell by 28%. The Charlotte, N.C., bank, sent reeling by its 2008 acquisition of Calabasas mortgage lender Countrywide Financial Corp., said the latest charges were for settling lawsuits stemming from its other big takeover target that year: Merrill Lynch & Co. Former BofA Chief Executive Ken Lewis engineered...
April 27, 2004 | Richard Fausset, Times Staff Writer
An innovative program that seeks to reduce violence among maximum-security inmates is being severely tested at the state prison in Lancaster, where a population squeeze is forcing officials to house dangerous criminals with others who have vowed to remain peaceful. Since 2000, Lancaster's honor yard program has created a special housing area for prisoners who have promised to stay away from gangs, drugs and violence.
March 17, 2005 | Richard Fausset, Times Staff Writer
A California prison guard has won a $10-million judgment against two inmates who attacked him at the state prison in Lancaster -- a major victory for a group of guards that has taken up targeting violent inmates in civil court. The judgment was entered by a Los Angeles Superior Court judge this month after the two defendants -- Gregory P. Gaines and Harold X. Wesley -- failed to adequately file formal responses with the court, said R. Rex Parris, an attorney for prison guard Demond Blunt.
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