calculatedriskblog.com - 4/26/2009
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BofA CEO Ken Lewis on conference call: [L]et me make a couple comments about our given environment. Credit is bad and we believe credit is going to get worse before it will eventually stabilize and improve. Whether that turn is later this year or in the first half of 2010, I'm not going to ...
calculatedriskblog.com - 4/24/2009
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calculatedriskblog.com —
It was widely rumored that there was some
sort of backroom deal holding the BofA and Merrill...
deal together. From CNBC: BofA's Lewis Says He Was Told To Be Quiet on Merrill Bank of America Chief Executive Kenneth Lewis told the New York attorney ...
(more)
BofA CEO Lewis: Excerpts from Testimony
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Words from the (investment) wise 4.26.09
The Big Picture —
... CEO Ken Lewis on the conference call:
“‘Let me make a couple comments about our given environment. Credit is bad and we believe credit is going to get worse before it will eventually stabilize and improve. Whether that turn is later this year or in the first half of 2010, I’m not going to hazard a guess … For the rest of the year we look for charge-offs to continue to trend upward …”
Source: Calculated Risk, April 20, 2009.
CEP News: IMF revises down global growth ...
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