Word: downing
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Dates: during 2010-2019
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Moynihan, of course, still has a lot of work to do. He still has to turn around Bank of America's large credit-card business, which has consistently had higher loss rates than competitors. The bank has also been without a chief financial officer since mid-January, though people close...
Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for...
Ironically, Moynihan almost didn't stick around long enough at the bank to become its CEO. In late 2008, former CEO Ken Lewis reportedly considering firing Moynihan, who had joined the bank after its 2004 acquisition of FleetBoston Financial, after the executive turned down the post of head of the...
What happens when a guy is becoming a father? The hormone testosterone is going down and the hormone prolactin is going up in the male brain, because he is smelling the pheromones of his pregnant wife. Prolactin is the hormone in females that makes breast milk. We don't know...
Closer to home, the traditional dichotomy between art and artifacts is also slowly beginning to break down. In just a few months, the Museum of Fine Arts in Boston (MFA) will unveil its new wing devoted to the Art of the Americas. The new wing, designed by Norman Foster, will...