Paul Davis

Bank of America Corp. preserved the mold – and addressed its longer-term future – by tapping Brian Moynihan Wednesday night to succeed Ken Lewis as chief executive.

Bank stocks fell Tuesday as positive vibes from big banks getting out of the Troubled Asset Relief Program gave way to renewed concerns about troubled credit quality among regionals.

Confirmation that one of the nation's most beleaguered financial companies had been given a green light to exit the federal assistance program helped lift the banking industry, with the KBW Bank Index rising 0.48%.

On the heels of its Tarp repayment, B of A cranks up the spin machine; Obama to meet with the heads of big banks; Citi exec among ten people picked to advise on fair value.

For the third time B of A has raised, and failed to meet, expectations that it was on the verge of naming a successor to Ken Lewis, who plans to retire as chief executive in three weeks.

Bank of America Corp.'s board was meeting Tuesday about hiring a new chief executive but had made no announcement as of press time. A company spokesman confirmed the meeting but he would not comment further.

Responding to regulator and investor pressure to be more accountable in a post-crisis world, an increasing number of banking companies are shrinking their boards and asking more of them

Responding to regulator and investor pressure to be more accountable in a post-crisis world, an increasing number of banking companies are shrinking their boards and asking more of them.

Getting out from under the government's thumb would seem like a safe move for Bank of America Corp., but factors largely beyond its control will determine whether fully repaying Uncle Sam now proves to be a good decision.

Tiger Woods to continue Bank of America sponsorship; cards conference draws laughs at Northwest Airlines pilots' expense; Bloomberg News reporter at the heart of a Fed investigation dies.

Ken Lewis is getting his wish with an approved plan for Bank of America Corp. to repay the $45 billion in funds from the Treasury Department, though the moves will have an impact on company shareholders and employees.

Banks stocks retreated in light trading a day before Thanksgiving. The KBW Bank Index edged down 0.18%. The Dow Jones industrial average rose 0.29% and the Standard & Poor's 500 index gained 0.45%.

Charles Gifford, a Bank of America Corp. director with a penchant for deliberative decision-making, has emerged as a major player in the company's CEO-selection saga.

Executives at companies such as Fulton Financial Corp. and Synovus Financial Corp. say they have not given up on their longtime models, but many say the strategy of using lots of charters and letting front-line managers make tough decisions might become another casualty of the financial crisis.

Economic data Thursday reinforced beliefs in a sluggish recovery, which in turn led investors to pull back on bank stocks.

At least one constant in rapidly changing California banking scene: Robert Horsman; Warren Buffet tinkers with his bank holdings; JPM Chase's $5M Facebook giveaway.

There may be no more awkward position in financial services right now than being an internal candidate for the chief executive of Bank of America Corp.

The $35 billion-asset Columbus, Ga., company was once praised for its super community approach to banking, but problem residential and commercial real estate loans now weigh heavily on it.

Should Bank of America Corp. ask Kenneth D. Lewis to extend his tenure as chief executive given the small but growing grassroots support he is getting from analysts? Is it even feasible?

Should Bank of America Corp. ask Kenneth D. Lewis to extend his tenure as chief executive given the small but growing grassroots support he is getting from analysts? Is it even feasible?