Bank of America News

BANK of America CEO Ken Lewis may have to sacrifice his company to save his job.

Hill International , the global leader in managing construction risk, announced today that it has entered into a credit agreement with a consortium of banks led by Bank of America, N.A. . The new credit agreement provides for a senior credit facility which increases Hill's borrowing capacity from $60 million to $100 million.

Bank of America hired Kenneth Lewis as their CEO to carry on the "tough guy" culture that was established by his predecessor, Hugh McColl.

I'd like to start this week by making some clarifying points about last week's column in which I expressed concern over Congress' treatment of the chairman of the Federal Reserve.

Bank of America Corp's primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter.

Montana health clinics will get a total of $11 million in federal stimulus funds, with 15 clinics to get a piece of $6.7 million of that money to upgrade facilities and equipment.

Wells Fargo and Chase said Thursday they will accept California IOUs from customers until July 10.

In the news release, Bank of America to Pay $713 Million in TARP Preferred Dividends, issued 02-Jul-2009 by Bank of America over PR Newswire, we are advised by the company that in the 13th and 14th paragraphs, the figure "$0.1916170" should read "$0.19167 -- Bank of America Corporation today said the Board of Directors has authorized approximately ...

Bank of America Corp's primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter.

A judge declined to let Bank of America Corp. repossess two ski lifts from Tamarack Resort.

City National Corp., the Beverly Hills parent of City National Bank, announced Thursday that it will accept IOUs issued by the state from its clients.

Midsized investment bank Jefferies Group Inc. is aggressively hiring senior bankers, and it is in particular looking for talent in fixed-income, high-yield, investment banking, equity trading and overseas businesses -- often at the expense of larger rivals.

As BofA tries to sell Columbia Management, Bank of America, as announced in May, is exploring the sale of its Columbia Management investment firm, but "the process continues," the executives who oversees the unit said in an interview Tuesday.

Former Treasury Secretary Henry Paulson will testify next month before a House committee that's investigating whether he and other government officials pressured Bank of America Corp.

Executive-pay policies at bailed-out banks would face more scrutiny from shareholders under a proposed rule approved Wednesday by the Securities and Exchange Commission.

SAN FRANCISCO, July 1 /PRNewswire/ -- Bank of America today issued the following statement regarding its decision to accept California state-issued registered warrants: "Bank of America recognizes the State of California budget crisis will impact our clients and customers.

Fifth Third Bancorp and the private equity firm Advent International Corp. have completed their $2.35 billion processing joint venture.

Police in Fife have arrested a man who robbed a Bank of America branch this morning.

Evidence that the Fed may have abused its power to pressure Bank of America into acquiring Merrill Lynch could make it unlikely that congress will go along with Obama's plan to extend the Fed's regulatory power.

American International Group Inc.'s annual shareholder meeting ended without drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer's near-collapse last fall.