A judge is expected to rule on confidentiality of bonuses handed out to Merrill Lynch execs. Insight with CNBC's Charlie Gasparino and Michael Porter, Harvard Business School.
Lewis Questioned on Merrill Bonuses; Report and analysis by Su Keenan of Bloomberg News (Morning Call)
In a press conference held on Monday, Bank of America CEO Ken Lewis and Merrill Lynch CEO John Thain said the buyout of Merrill Lynch provides a good opportunity for shareholders and that the overall reaction has been positive. Speaking before the media, Lewis said, "we are very pleased with this"...
Standard and Poor's lowered its long-term counterparty credit rating on Bank of America Corp. and put the holding company and its bank subsidiaries on watch for a downgrade. The move comes following Bank of America's agreement to acquire Merrill Lynch in an all-stock takeover valued at about...
Three executives from major mortgage industry companies were on the hot seat Friday as the House Committee on Oversight and Government Reform looked into executive compensation at corporations involved in the subprime mortgage-market shakeout. The committee, headed by Rep. Henry Waxman, questioned Angelo...