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Thain Resigns From BofA

Wall Street Journal Original article ›

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Bank of America CEO loses confidence in Thain after a brief meeting on January 22, 2009, in which Thain was asked about mounting losses at Merrill, which Lewis had learned of from other Merrill executives and not from Thain. Lewis says he could not get agood explanation of what was happening or why. Thain was head of Merrill when Bank of America made the $50 billion acquisition of Merrill on Sept 15, the same week that Lehman Brothers collapsed. Merrill was in a perilous situation with the government intervening to arrange the acquisition on short notice.

The Bank of America-Merrill Lynch Deal, a disaster in the making.

09/15/2008

The disaster that the acquisition of Merrill is turning out to be for Kenneth Lewis and Bank of America.

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Grouped Articles

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Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

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Merrill Bristles as BofA Toils On

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Merrill Lynch to Pay $315 Million to Settle Mortgage-Loans Lawsuit

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Bank of America Settlement in Lawsuit Is Challenged

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BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

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New York Attorney General Steps Up Probe Into BofA-Merrill Disclosures

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Bank of America Shares Fall to Lowest Point in Two Years

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Mother Merrill Staying Put

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Grouped Articles

BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

Wall Street Journal 07/29/2014

Mother Merrill Staying Put

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At Bank of America Merrill Lynch, Profits but No Joy

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Merrill Bristles as BofA Toils On

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For Bank of America More Trouble from Merrill Lynch Merger

New York Times 09/28/2012

For Bank of America, the Pressure Mounts Over Merrill Deal

New York Times 01/17/2009


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