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Monday, April 20, 2009

Ken Lewis has one foot out the door


Thedeal.com: Those rumors about Ken Lewis resigning or getting the boot as CEO of Bank of America Corp. (NYSE:BAC) just keep swirling and swirling. Meanwhile, Lewis, seems to already have one foot out the door.

Bulls and Bears Both Point to Lending


Online.wsj.com: The bulls are finding more evidence that this rally is the start of something lasting. The bears warn that the higher the market goes, the more pain will be suffered on the other side.

Strangely, both are pointing to the same part of the economy to make their opposing cases: the lending system.

Decision time at Bank of America Merrill Lynch


By William Wright:

Efinancialnews.com: If politics is the art of postponing decisions until they are no longer relevant, then it is time for Bank of America and Merrill Lynch to stop playing politics and get on with making their merger work...

BofA's wallet may be full enough to repay TARP


BofA Head Kenneth Lewis boldly told the Charlotte Observer Wednesday that BofA could repay the borrowed monies immediately if it were not maintaining higher-than-normal capital to account for the "fragile" state of the financial system.

MAKE MONEY: Bank of America earnings preview


TheDeal.com: Bank of America Corp. (NYSE:BAC) is releasing first-quarter earnings Monday morning. Now that J.P. Morgan (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) have issued earnings and beat analyst's expectations, Bank of America has a lot to prove, especially since CEO and Chairman Ken Lewis' position has come under fire in recent weeks due to the Merrill Lynch acquisition.

Sunday, April 19, 2009

Tech earnings reports this week: Show me recovery


Money CNN: IBM, APPLE, YAHOO, MICROSOFT..

As four leaders report earnings this week, analysts say they expect headwinds and will look for how the companies plan to grow when the economy recovers.

High net worth clients rethink concept of risk


Financial Times: “Wealthy families are not immune and their wealth faces some of the same threats as others. There is the potential for some to find themselves poorer as a result of these extraordinary circumstances.”