Lehman’s Lessons: News Analysis
The natural human tendency is to think that markets are about money, but a look back at the bankruptcy of Lehman Brothers should serve as a reminder that markets are fundamentally about morality.
New Hire Roundup: Lynch Joins ByAllAccounts Board; Mariner Names Greiner CIO
This week in new hires, Matt Lynch joined ByAllAccounts’ board of directors; William Greiner became CIO at Mariner Wealth Advisors and FactRight brought in Scott Smith and Chris Bove.
Labor Dept. Slaps BofA for Firing Countrywide Whistleblower
Bank of America was ordered to rehire and pay $930,000 to a whistleblower who had exposed improprieties at Countrywide Financial. DOL said the firing violated the whistleblower-protection provisions of Sarbanes-Oxley.
2011 Q1 Earnings: Bank of America EPS Disappoints; Merrill Profits Up 68.6%
Bank of America reported disappointing Q1 2011 earnings, but the GWIM unit saw one of its strongest quarters since the acquisition of Merrill Lynch.
Ex-Countrywide CEO Mozilo Settles SEC Charges for $22.5 Million
Angelo Mozilo, former CEO of Countrywide Financial, has agreed to pay a settlement of $22.5 million resulting from charges that he and two other executives misled investors during the subprime mortgage crisis.
Merrill Boosts BofA's Q109 Results
Bank of America Corporation has reported first-quarter 2009 results that include Merrill Lynch, bought January 1, 2009, and Countrywide Financial, bought July 1, 2008.