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Ken Lewis announced yesterday that he would be resigning as CEO of Bank of America effective at the end of the year. At the time of the announcement, there was no replacement in mind.
According to CreditSights Inc. analyst David Hendler had this to say about …

A lot of public scruitiny has been placed on Bank of America after giving out nearly $6 billion in bonuses to Merrill Lynch executives. Just a week after a trial resulted in a $33 million settlement, in which the bank agreed to pay but admit …

The banks that were supposedly too large to fail last year when the government decided to bail out crumbling banks are now bigger than they were just a year ago. Even with measures in place to try to keep banks from getting too large, somehow …

$23,148,855,308,184,500.
That is one expensive pack of cigarettes, and apparently, a lot of things. VISA has a bug in its system that recently charged several debit card owners 23 Quadrillion dollars.
A New Hampshire man says he swiped his card at a gas station to purchase a …

A couple of weeks ago, California decided that it would start having to borrow money from banks using IOUs; since then, many banks have decided that they will not accept the worthless sheets of paper being issued by the nearly bankrupt state.
Now, thousands of California …