Tag:
MBNA
Latest Headlines
Latest Headlines
Bank of America hikes goodwill impairment charge
Lots of people are questioning whether Bank of America has won or lost with ex-CEO Ken Lewis' purchase of Countrywide. The Merrill Lynch deal has also been debated. But have things deteriorated so much in the credit and debit card industry that it's now time to question the worth of yet another Le
Who is Gregory Curl?
Until the media started throwing Gregory Curl's name around as a possible successor to Bank of America ( BAC ) CEO Ken Lewis, he was hardly a brand name on Wall Street. He currently serves as chief risk officer, a position that has been elevated by the credit crisis. But his main claim to fame h
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 FleetBoston--this is the one that will matter most. Many have suggested that the deal will blow up for him--and painfully so. But maybe n
Is Bank of America's Ken Lewis the next to get sacked?
In the recent furor over Lehman Brothers, many have suggested that CEO Dick Fuld's job is on the line. You really could say the same for other banks out there--big and small--as well. A commentary on Seeking Alpha weighs in with some thoughts on Bank of America CEO Ken Lewis. It's fair to
More on Bank of America affinity deals
In many ways, Bank of America has been a leader in affinity deals. After all, it bought MBNA, the credit card giant that many consider a pioneer. The latest Bank of America foray is a NASCAR
Bank of America, MBNA culture clash avoided
The merger of Bank of America and MBNA originally looked like a daunting case of disparate cultures being mashed together. One was firmly in the suit-and-tie, cult-of-the-customer camp, while the
SPOTLIGHT: Bank of America
The big bank beat expectations by a penny, thanks in part to its MBNA acquisition and solid growth across the board. The bank also experienced some deterioration in credit quality, which is a big
Commercial banks look leaner, all eyes on Citigroup
According to U.S Banker magazine, more than 19,000 jobs were cut in 2006. Much of this was deal-driven. The Bank of America-MBNA deal itself cut 6,000 positions. You have to think that
Bank of America expands affinity banking
Bank of America is fairly well known for its affinity credit card programs; it acquired
Commercial banks heading in different directions?
The top commercial-oriented banks have not surprised anyone with their earnings. Citigroup
