Results tagged “bankofamerica”

Uh oh. According to AP, "Ken Lewis, the embattled CEO of Bank of America Corp., is leaving the company, succumbing to nearly a year of strife that followed his company's acquisition of Merrill Lynch & Co." This comes on the heels of his shareholders castrating stripping Lewis of his title away earlier this year. Now based in Charlottle, North Carolina, BofA has a corporate office at 555 California.

Bank of America (who used to be based in San Francisco) has announced plans to cut anywhere from 30,000 to 35,000 jobs over the next three years. As the company sucks up Merrill Lynch & Co., cuts will affect both BofA and Merrill. "In an effort to lower costs as they face increasing defaults in mortgages, credit card debt and other loans," the (former) banking giant will add these jobs cuts to the thousands that they already eliminated over the past year. In related conspiracy theory, tinfoil hat news: Illinois Governor Rod Blagojevich was arrested on corruption charges, it seems, the day after he announced all Illinois government agencies to suspend business with Bank of America. Allegedly.

       

While not nearly as exciting as Anonymous' cheeky Scientology protests, this little BofA rally managed to voice its distress with the banking company's lack of environmental consciousness. It seems BofA is, like, using coal to run their ATM machines. Or something like that. Who knows. But you can go here and here to find out more about yesterday's skirmish in front of a downtown SF Bank of America.

Mean! You don't do that to Steve Rhodes!