Bank of America: Growth Takes a Back Seat
blog.ockhamresearch.com 5/12/2009 — Bank of America ( BAC ) has undoubtedly been one of the most active stocks in the market over the last couple of weeks. Last week alone, the bank’s stock was up more than 60% after results of the stress tests revealed that the bank will need to raise as much as $34 billion. It was ...

Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
economicdiscourse.com 2/26/2009 — The WSJ reports that Bank of America is looking to sell First Republic Bank. The private bank that was purchased in 2007 from Merrill for $1.3 billion. This marks a critical point for the institution, it has turned to selling assets as a source of cash. Our own government could partly be at ...

Bank of America modifies their 2008 Bonuses, response to Merrill?
economicdiscourse.com 1/29/2009 — Some meaningful changes for Wall Street bonuses at BAC. Bank of America to defer bonus payments Bank of America Corp. will defer year-end bonuses paid to employees in its capital markets and investment banking units

Ken Lewis, the Master Government Negotiator
dealbook.blogs.nytimes.com 5/15/2009 — Bank of America's Kenneth Lewis has made some questionable private deals, but he is a master at negotiating with the government and leveraging a weak hand to cover his missteps, The Deal Professor says.

The S.E.C. and BofA: What's Next?
dealbook.blogs.nytimes.com 9/25/2009 — What's next for Bank of America and the S.E.C., now that a judge has rejected their settlement? Peter J. Henning, a professor at Wayne State Law School, considers the possibilities.

Bank of America Threatens Fed, Demands More Cash From Taxpayers
globaleconomicanalysis.blogspot.com 1/16/2009 — Bank of America fell a whopping 18.43% today, hitting a new 52 week intraday low of $7.35 on concerns it is not going to easily be able to digest the merger with Merrill Lynch. I suggest Bank of America has easily bitten off more than it can chew and ...

No, Wait! You Got It Backwards!
baselinescenario.com 2/26/2009 — There is nothing inherently wrong with convertible preferred stock. In Silicon Valley, for example, venture capitalists almost always invest by buying convertible preferred. The idea is that in the case of a bad outcome, the VCs are protected, because their shares have priority over the common ...

Opportunities in Bank Bonds, Part 2
alephblog.com 3/12/2009 — Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09 When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair.  ...

Bank of America Seeks to Pay Back Federal Aid
nytimes.com 9/22/2009 — One year and two bailouts later, Bank of America is moving to extricate itself from Washington’s grip. With the financial industry on the mend, the giant bank announced several measures on Monday to reduce its reliance on federal aid. The moves are ...

A Defense of Bank of America's Chief
dealbook.blogs.nytimes.com 8/7/2009 — Bank of America chief executive Kenneth D. Lewis may be facing more and more calls for his ouster because of the controversy swirling the firm's acquisition of Merrill Lynch, but one well-known banking analyst has come to his defense.

Bank of America's Lewis Stepping Down — BusinessWeek.com -- Finance 9/30/2009
CEO Lewis, at the center of the controversy over the ill-fated acquisition of Merrill Lynch, will depart at the end of the year

Global investment-banking fees — The Economist: Full print edition 10/1/2009
Banks might be back in the black, but investment-banking fees earned in the first nine months of this year are still much lower than they were over the same period last year. According to Thomson Reuters, a financial-information firm, such fees have ...

American bank bosses : Clearing out the corner office — The Economist: Full print edition 10/1/2009
As an embattled boss retires, a celebrated one clarifies succession A COMMON complaint at the height of the crisis was that too few Wall Street bosses were being forced to fall on their swords. With the fog of war clearing, exhausted leaders are ...

Bank of America: End of the Lewis Era — BusinessWeek.com -- Finance 10/1/2009
The CEO first pledged internal growth but couldn't resist the appeal of mergers and the chance to acquire Merrill Lynch. His retirement won't clear up BofA's problems