Stories tagged with Banking
Bank of America’s Ken Lewis battles for job
By Carol Eisenberg | April 28, 2009 at 9:47am | 0 
The son of a soldier and nurse from small-town Mississippi, Ken Lewis likes to boast that he has worked since he was 12 years old, selling greeting cards door-to-door and pumping gas.
Leonard Abess - a banker who gave away millions
By A. James Memmott | February 26, 2009 at 12:01pm | 0
Banker bashing rules the day. So it was a surprise Tuesday when President Barack Obama praised Leonard L. Abess Jr., CEO of City National Bank of Florida.
Thomas Montag rakes it in, despite economic crisis
By A. James Memmott | February 15, 2009 at 1:33pm | 0
Thomas K. Montag, the new head of global markets at Bank of America Corp., had a very good year in 2008 despite the worldwide downturn in the markets.
Bank of America board under scrutiny
By Laurie Bennett | January 28, 2009 at 10:17am | 1
As Bank of America investors question the rocky merger with Merrill Lynch and the events that led to John Thain’s firing last week, the company’s directors are feeling unaccustomed pressure.
Goldman Sachs’ network extends around the world
By Carol Eisenberg | October 10, 2008 at 3:06pm | 1
The global reach of Goldman Sachs Group, through a network of former officials, could help foster cooperation as U.S. officials reach out to foreign powers to calm financial markets. But it could also promote conflicts of interest.
A disaster for most is a gold mine for Gerald J. Ford
By Laurie Bennett | October 10, 2008 at 11:38am | 0
The federal government isn’t the only potential buyer eying U.S. banks drowning in debt. Billionaire Gerald J. Ford is poised to reap another fortune.
Wells Fargo to buy Wachovia for $15.1 billion
By Laurie Bennett | October 3, 2008 at 8:21am | 0
Wells Fargo & Co. will acquire Wachovia Corp. in a $15.1 billion merger, blocking an earlier bid by Citigroup Inc.
Small banks’ lobbyists win a big one with proposed increase in insured deposits
By Laurie Bennett | October 1, 2008 at 8:26am | 0
A proposal to increase federal insurance on bank deposits is winning broad support from Democrats, Republicans and both presidential candidates.
Barney Frank uses wit and smarts to help win consensus
By A. James Memmott | September 29, 2008 at 7:26am | 0
Barney Frank deserves a starring role in the docudrama about the week that shook and maybe saved Wall Street.
FDIC chair Sheila Bair likes a story with a happy ending
By Laurie Bennett | September 27, 2008 at 9:25am | 0
Author and FDIC chair Sheila Bair has little free time these days to write children’s books.
WaMu seized by federal regulators, sold to JPMorgan Chase
By Laurie Bennett | September 26, 2008 at 10:26am | 0
David Bonderman and Alan Fishman got a big surprise yesterday from the federal government.
Kenneth Lewis continues his buying spree at Bank of America
By A. James Memmott | September 16, 2008 at 6:33am | 0
Kenneth D. Lewis went shopping over the weekend and made a really big purchase.
Geithner, the Fed’s point man in NYC
By Muckety | August 29, 2007 at 3:54pm | 0
The Washington Post had a good profile yesterday of Timothy Geithner, president of the Federal Reserve Bank of New York, who is “facing his first big test as point man between the powerful global firms in the world’s financial capital and the policymakers who oversee them from Washington.”
The Post says Geithner is a strong crisis manager. During the turmoil in the debt markets, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson Jr. have been in touch with Geithner regularly.
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