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Bank of America's board of directors is looking at hiring a short-term chief executive from outside the bank to give internal candidates more time to develop, the Wall Street Journal reported on Thursday.

Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann have resolved a dispute over his contract, freeing him to take another job in financial services.

Bernanke open to sharing; NBC Universal's Owership Talks; Lewis Out

Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.

A federal judge said Bank of America Corp may pursue a lawsuit accusing former Bear Stearns Cos managers Ralph Cioffi and Matthew Tannin of lying in an attempt to prop up two failing hedge funds.

Ameriprise Financial Inc's purchase of an asset management business from Bank of America Corp contains a key feature -- access to the bank's massive distribution system.

Wall Street was set to open lower on Thursday as weaker-than-expected jobs data prompted more investors to consolidate gains after a strong third quarter.

Warning on CIT; U.S. Outlook Brighter; Lewis to Step Down

Bank of America Corp said on Wednesday six internal candidates are in the running to take over from Chief Executive Kenneth Lewis when he retires at the end of the year. All six are on the executive management team, four are long-time Bank of America staff and just one -- Tom Montag -- joined through the bank's acquisition of Merrill Lynch & Co.

Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.

Beleaguered Bank of America Corp said Chief Executive Ken Lewis will retire by year's end and his successor is yet to be determined, the bank announced late Wednesday.

Bank of America chief executive officer Ken Lewis will soon inform or has already informed his board of directors that he will be stepping down by the end of the year, according to CNBC.

Bank of America Corp's deal to sell part of its Columbia Management business for about $1 billion is a boost for its effort to unload unwanted assets and raise capital, but the low price suggests it is still facing a buyers' market.

Preventing Economic Overheating; Economy Shrank Even Less; Midwest Still Struggling

U.S. stocks dropped on Wednesday, after an unexpected contraction in Midwest business activity sounded a dour note at the end of a strong quarter.

Last Quarter of Recession; Savers and Retailers; Casino IPO Pressure

Bank of America Corp has struck a deal to sell a long-term asset management business, part of its Columbia Management division, to Ameriprise Financial Inc for about $1 billion.

Hartford Financial Services Group Inc named a former Bank of America Corp executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer.

Hartford Financial Services Group Inc named a former Bank of America Corp executive to replace its chairman and CEO, Ramani Ayer, who had announced plans to retire in June after the 199-year-old insurer struggled with record losses.

The debtors revolution is what began from a video posted on You Tube at the beginning of September by a Bank of America customer gone viral after BofA raised her credit card interest from 13 percent to a whopping 30 percent.

Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect billions of dollars in damages, Ohio's attorney general said on Monday.

Dollar's Rebalancing Woes; Deals Boost Stocks; Investors Sue BofA

Chinese state-owned Sinochem bid $2.5 billion for Australian farm chemicals group Nufarm Ltd on Monday, looking to gain a global footprint in a deal that could again test investment ties between China and Australia.

Bank of America Corp has suspended its current commitments to ACORN Housing, an affiliate of Association of Community Organizations for Reform Now , a scandal-hit U.S. liberal grassroots group, the Wall Street Journal said on Monday.

Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.

Ambac Financial Group , Bank of America and Germany's central bank are among new entities claiming assets against Lehman Brothers after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.

U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.

Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.