Bank of America CEO Lewis leaving by year’s end
Bank of America Corp. says its embattled CEO Ken Lewis will retire from the bank by the end of the year.
Bank of America Corp. says its embattled CEO Ken Lewis will retire from the bank by the end of the year.
The bank has issued a statement Wednesday saying Lewis would also leave the board of the bank.
Lewis and Bank of America have been the targets of intense criticism since the bank agreed to buy Merrill Lynch & Co. at the height of the financial crisis last year. Since the deal closed Jan. 1, it was learned that Merrill, with the knowledge of Bank of America executives, gave billions of dollars in bonuses to employees even as it asked for more bailout money from the government.
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