Your Search Returned 240 tagged news reports
India should not be complacent in its push for financial sector reforms in the wake of its successful handling of the global economic meltdown, a top Bank of America-Merrill Lynch executive said on Monday. "One thing that does worry me is that the conservative...
Tags: Bank of America-Merrill Lynch, Reuters India Investment Summit, India, Mumbai, Economy of India, Primary dealers, Merrill Lynch, Bank of America, Business Finance
Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website. The story cites unnamed people familiar with the matter...
Tags: Bloomberg News, Kenneth Lewis, New York, Bank of America, Citigroup, JPMorgan Chase, Primary dealers, Dow Jones Industrial Average, Investment banks, Business Finance
Quite often, he added, it's a "very, very good deal for the surviving bank" that gets assets at a discount. More than 120 banks went belly-up this year in the United States, the highest bankruptcy rate since the savings and loan crisis of 1992. The current...
Tags: FDIC, Ameris Bank, million dollars, region banks, commercial banks, Plymouth, Bank of America, Federal Reserve System, National City Corp., Wells Fargo, Savings and loan crisis, Subprime mortgage crisis, Federal Deposit Insurance Corporation, Wachovia, Business Finance
Hillcrest of Florida has shut down, too, along with Partners Bank and Commerce Bank of Southwest Florida. Since Oct. 23, regulators have closed four banks in Naples and Fort Myers, leaving many to wonder which local bank might be next. Orion was one of...
Tags: Southwest Florida, Naples, Bank, Naples Florida, Business Finance, Savings and loan association, Call Report, Subprime mortgage crisis, Bank of New England, Bank of America, Financial institutions, Federal Deposit Insurance Corporation
Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, according to a person close to him. Mr. Lewis's willingness to stay at the Charlotte,...
Tags: Kenneth Lewis, Mr. Lewis, consider postponing, Singapore, Bank of America, Business Finance, Lewis
organ Chase & Co. said Friday that it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.
Tags: credit card, card contracts, tentative settlement, arbitration clauses, chase drops, drops arbitration, New York, Arbitration clause, Business law, Contract law, Chase, House of Morgan, Arbitration, JPMorgan Chase, Oracle Corporation, MySQL, Cross-platform software, Business Finance, Dow Jones Industrial Average, Arbitral tribunal, National Arbitration Forum, Law Crime, Rockefeller family, Investment banks, Citigroup, Bank of America, Primary dealers
A Cook County judge Friday stripped a developer of its control over the Block 37 project in the Loop. The decision came as the developer got city approval to open some of the retail space today. Circuit Court Judge Margaret Brennan handed supervision...
Tags: Cook County Circuit Court, Chicago, 108 North State Street, Chicago Transit Authority, Bank of America, Business Finance, CB Richard Ellis, Law in the United Kingdom, Receivership, United States bankruptcy law, Foreclosure, Insolvency law, Finance, Bankruptcy, Law Crime
Bank of America Merrill Lynch ( BAC ) chief executive Ken Lewis, slated to leave the bank at the end of the year, could actually stay on as CEO, Rochdale Securities analyst Dick Bove said Friday. No successor has yet been named for Lewis, who has been...
Tags: Ken Lewis (executive), Mr. Lewis, Serbia, Bač, Merrill Lynch, Lewis, Primary dealers, Bank of America, Business Finance, Takeover
China traditionally has been a tea-drinking country but we turned them into coffee drinkers." Howard Schultz A successful entrepreneur, 56-year old Howard Schultz, chairman and CEO Starbucks in his younger days was determined to win the battle over poverty.
Tags: Bank of America, Kirk Kerkorian Billionaire Kerkorian, Ken Langone Ken Langone, Ken Lewis (executive), Sheldon Adelson Sheldon Adelson, Howard Schultz, Lloyd Blankfein Son, total compensation, CEO Starbucks, Angelo Mozilo, Magna, United States housing bubble, Starbucks, Kirk Kerkorian, Sheldon Adelson, Kenneth Langone, Magna International, Primary dealers, Business Finance
It's the latest sign that remnants of the old Wachovia Corp. are disappearing: On Wednesday, the Charlotte bank replaced the ATM at its trademark branch on South Tryon Street with a high-tech machine from Wells Fargo & Co. But the change isn't visible...
Tags: Wachovia Corp., Wells Fargo & Co, Charlotte Observer, ATM, Kendall Alley, Charlotte, Banks, Wachovia, Wells Fargo, Bank of America, ATM usage fees, Business Finance, Payment systems, Automated teller machine, Automation