Word: exchangee
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This December, Lewis will be out of a job. On Wednesday, he sent an e-mail to the bank's staffers saying he will retire by the end of the year. Lewis, 62, said it was his decision to leave, but no one could miss the huge legal dustup swirling...
• The Securities and Exchange Commission and New York's attorney general are investigating whether Lewis misled Bank of America shareholders before the Merrill Lynch acquisition. Merrill has paid out billions in bonuses to its staff that were allegedly not fully disclosed.
Solana hailed the level of participation by the U.S. at Geneva, which clearly represented a break from the narrow terms on which the Bush Administration had backed the European-led diplomacy. Whereas William Burns, Under Secretary of State for Political Affairs, had been restricted from delivering much more than prepared...
Meanwhile, HSBC's Asia businesses continue to thrive. In the first half of 2009, its regional operations notched a pretax profit of $4.5 billion, more than half of it coming from Hong Kong alone. The bank is also continuing to expand in Asia. In China, where HSBC already has the...
The drama of last week's revelation that Iran has been secretly building an underground uranium-enrichment facility may have raised expectations that this week's Geneva talks would be a kind of high-noon showdown. Instead, the meeting on Oct. 1 between Iran's nuclear negotiator and representatives of...