Paul Davis

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?

Many banks are wringing their hands about growth, but a small group of regionals have an even weightier imperative: growing enough to avoid the wrong end of a takeover offer.

With defense not enough for Richard Davis, U.S. Bancorp launches an offensive; Ken Lewis recycles quote from Hugh McColl's signoff; and more.

Lewis, who is set to retire at yearend, used his opening remarks at a conference hosted by B of A to again tout recent acquisitions such as Countrywide Financial Corp. and Merrill Lynch & Co.

Bank of America's and Citigroup's succession messes have resembled reality shows this year, but many regional banking companies are ripe for minidramas, too, with chief executives poised to turn over en masse.

Bank of America's and Citigroup's succession messes have resembled reality shows this year, but many regional banking companies are ripe for minidramas, too, with chief executives poised to turn over en masse.

That loud ticking you hear is Ken Lewis' tenure running out. Bank of America Corp.'s shareholders won't miss the sound.

Bank stocks ended a volatile day up slightly Tuesday as investors digested shakeups overseas and domestic uncertainty.

BB&T Insurance Services bought Oswald Trippe and Co. Inc. of Fort Myers, the $165 billion-asset parent company said. The acquisition includes 130 employees and offices across southwest Florida. It does not include four Oswald Trippe offices in North Carolina. The sale price was not disclosed.

Several banking companies' decision to adjust their overdraft fee policies, along with an expected Federal Reserve ruling affecting other vital fee structures, threaten to alter the ubiquitous product.

More than a year into the financial crisis, the carnage caused by high unemployment has expanded into states whose economic health had been taken for granted. Banks once thought to be relatively immune from the woes of California, Florida and Nevada are finding there's no place to hide.