Meet the team behind Project New BAC
To formulate a turnaround plan--embodied in Bank of America's Project New BAC--CEO Brian Moynihan returned to the playbook that he was familiar with from his previous life at Fleet Financial Group.
Grandpoint Bank Launched with $75-Million Capital Investment
LOS ANGELES--(BUSINESS WIRE)-- Grandpoint Capital, Inc., a bank holding company, announced today that it has launched Grandpoint Bank. “We are very excited to take the first steps in building a
Rhodes Joins Wells Fargo’s California Commercial Banking
FRESNO, Calif.--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) announced that Scott Rhodes has joined Wells Fargo’s California team as a regional vice president for the Fresno Regional
Moynihan to Charlotte: Maybe?
Bank of America (BAC) is denying that it intends to set up a dual headquarters situation, basing the bank in New York and Charlotte. According to the Charlotte Observer, the bank is adamant that its
Moynihan still in running at Bank of America?
We noted elsewhere that Bank of America chief risk officer Greg Curl may have eased into the internal pole position in the CEO sweepstakes. The other internal candidate, Brian Moynihan, may have been
Internal clash at Bank of America
Most people assume there's a lot going on behind Ken Lewis' announced departure. Some people think that New York State AG Andrew Cuomo is preparing to bring charges, and this prompted the action.
More on Ken Lewis's big bet
Ken Lewis, CEO of Bank of America, really bet his career on Countrywide. We've made that point repeatedly. For all the savvy deals he's pulled off--MBNA and
Is Bank of America's Ken Lewis the next to get sacked?
In the furor over Lehman Brothers recently, many have suggested that CEO Dick Fuld's job is on the line. But you really could say the same for other banks out there--big and small. A commentary on
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