Bank of America awards CEO Lewis $11.07 mln stock
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Bank of America Corp.  on Friday said it awarded Chief Executive Kenneth Lewis $11.07 million of restricted stock as part of his compensation for 2006, when the No. 2 U.S. bank's profit rose 28 percent to a record.
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British billionaire Joseph Lewis has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock.
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Investment funds controlled by British billionaire Joseph Lewis have amassed a seven percent stake in Wall Street investment bank and brokerage Bear Stearns, a US securities filing showed Monday.
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By Christine Harper  Morgan Stanley gave its chief executive, John Mack, the biggest bonus ever for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history. Mack, 62, was granted stock valued at $36.2 million as of Dec.
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Bank of America Corp.&#39;s top executive will be in Boston this week to counter critics who claim the bank has broken job commitments it made during its acquisition of FleetBoston Financial.
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BOSTON -- Bank of America chief executive Ken Lewis will continue meeting with local officials this week who question whether the bank broke commitments by ordering job cuts in its acquisition of FleetBoston.
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Wells Fargo & Co. , the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, effective immediately, replacing Richard Kovacevich, who will remain chairman.
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Bank of America Corp. chief executive Kenneth D. Lewis, under pressure to explain recent job cuts made following the bank's $48 billion acquisition of FleetBoston Financial Corp. , yesterday said he will move one of the bank's four main divisions to Boston.
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NEW YORK (CBS.MW) -- Bank of America Monday upgraded Wal-Mart, citing valuation and its belief that higher energy costs have no negative surprise factor for the retailing behemoth.
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Bank of America Corp. chief executive Kenneth D. Lewis reaffirmed his bank's commitment to New England yesterday in a round of meetings in Boston with state and city officials, but he still declined to specify how many Massachusetts jobs the bank will cut as a result of its $48 billion acquisition of FleetBoston Financial Corp.
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Bank of America Corp. chief executive Kenneth Lewis said yesterday it is unlikely the nation's second-largest bank will acquire a smaller rival in 2007. Instead, the company will focus on the growth of existing operations.
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Investment bank Morgan Stanley's   Chief Executive John Mack has been awarded a bonus worth  about $40 million in stock and options for 2006, according to a  regulatory filing on Thursday.
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Funds controlled by British billionaire Joseph Lewis have amassed a seven percent stake in Wall Street investment bank and brokerage Bear Stearns, a US securities filing showed Monday.
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CHARLOTTE, N.C. -- Shares of Barclays PLC rose more than 4 percent yesterday after an investment analyst advised clients that Bank of America Corp. may be interested in bidding for the London-based banking company.
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Bank of America Corp.  said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp. , and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.
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Ken Lewis, chief executive of Bank of America Corp., stands by job promises made to Massachusetts officials before BofA bought FleetBoston Financial Corp.
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Morgan Stanley, the investment bank, gave its chief executive, John J. Mack, $40 million in stock and options for 2006, the largest bonus ever awarded to a Wall Street chief.