Kenneth Lewis

Bloomberg has quoted unidentified sources as saying that Genzyme (NASDAQ: GENZ) has refused the takeover offer from Sanofi-Aventis (NYSE: SNY). GENZ is, maybe, holding out for a better offer. Analyst Phil Nadeau of Cowen & Co said that it is just a matter of time, “given that Genzyme has...

Ex-Bank of America (NYSE: BAC) Chief Kenneth Lewis is the only bank chief who has been officially charged of wrongdoing for his role during the financial crisis. Lewis had presided over two bailouts at the bank. Co-accused with him are Joe Price, who was the ex-CFO of the bank, and the bank itself...

The New York Times reported that Bank of America Corporation (NYSE: BAC)(FREE stock trend analysis) has named Brian T. Moynihan as the successor of Kenneth D. Lewis, its outgoing Chief Executive. Moynihan was heading the bank’s consumer banking business. He had joined the Bank of America after it...

Bank of America (NYSE: BAC) is planning to repay the Trouble Asset Relief Program Loans from the government worth $45 billion which includes a $20 billion loan to help ease the takeover of trouble investment banking firm Merrill Lynch. In the statement from Bank of America, they plan to repay the...