Bank of America CEO Kenneth Lewis testifies on Capitol Hill in Washington
Bank of America CEO Kenneth Lewis testifies before a House Oversight and Government Reform Committee hearing on Bank of America's purchase of Merrill Lynch in Washington on June 11, 2009. (UPI Photo/Kevin Dietsch)
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A federal judge in New York approved a $2.43 billion settlement to end claims Bank of America misled shareholders when it purchased Merrill Lynch & Co.
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Authorities were investigating the death of Mississippi state Rep. Jessica Upshaw, whose body was found at a former lawmaker's residence during the weekend,
This only makes sense if you think like a lawyer: Insurance giant American International Group may sue the government for the bailout that saved the company.
U.S. carrier Delta Air Lines is trying to block a vote that would suspend executive bonuses until it funds retired pilots pensions, a letter says.
Bank of America settled one lawsuit and faced another as New York state said it would take bank executives to court over its purchase of Merrill Lynch.
Bank of America says its head of consumer banking Brian Moynihan will become its chief executive officer to replace Kenneth Lewis on Jan. 1.
U.S. markets fell Thursday despite Bank of America's announcement that it would repay the government's $45 billion in bailout funds.
The resignation of Bank of America's chief executive "clearly" caught the U.S. bank's board of directors off guard, investment advisers said.
Bank of America Chief Executive Officer Kenneth Lewis said he would forfeit his salary for 2009 amid new revelations over the purchase of Merrill Lynch.
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