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Joe Price

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Bank of America shakes up executive suite

It's never a good sign when a company announces two major executive shake ups in short order. The danger is that the second move comes across as a sign of desperation and an indication that the bank just can't get its management in order. Is Bank of America at the point of desperation? The sto

Ex-Bank of America CEO Ken Lewis to stand trial?

Will former Bank of America CEO Ken Lewis ( Ken Lewis news), who left the bank in disgrace in the wake of allegations of impropriety around the bank's purchase of Merrill Lynch, ever be put on trial? It's still a possibility. The Attorney General of New York has not given up his cases against L

Big job hunt: Next CFO of Bank of America

Last month, the CFO ( CFO news) job at Bank of America ( BAC ) opened up, when CEO Brian Moynihan ( Brian Moynihan  news) shook up his executive team. As part of the changes, then-CFO Joe Price was asked to move over to become the head of consumer banking. Since then, he's been charged,

Handicapping Cuomo's chances against Ken Lewis

New York Attorney General Andrew Cuomo generated large headlines with his move to charge former CEO Ken Lewis and current head of consumer and small business banking Joe Price with fraud. TheStreet.com weighs in with a skeptical look at the case. This would hardly appear to be a slam dunk.

Judge Rakoff still skeptical

Judge Jed Rakoff, who was in a position to voice the disgust many other felt about the original Bank of America ( BAC ) settlement with the SEC, says he will rule on the new, improved settlement by the end of next week. First, he will give the attorney's for both sides a list of questions and he

Ken Lewis charged

There was a lot of chatter when Ken Lewis stepped down as CEO of Bank of America ( BAC ) as to whether a potential enforcement was forcing the board's hand. It turns out that thought was right on the money. Andrew Cuomo, New York Attorney General, has decided to bring a civil action against

CFO to run consumer unit at Bank of America

CEO Brian Moynihan has signaled that he is not afraid of novel executive moves. He has made CFO Joe Price, the head of consumer banking, a major unit at the company, obviously. He'll be running the consumer, small business and card operations. It may not be as novel as it sounds initially. Price h