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Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said.

Bank of America Corp plans to select an emergency chief executive officer this week if legal issues force Ken Lewis to leave before year-end, the Wall Street Journal said, citing a person familiar with the situation.

A Fragile Economy; Tax Money and CIT; Complacency Warning

Bank of America Corp's six-member CEO search committee includes three former directors of FleetBoston Financial Corp, a sign the bank's Boston connection may take a stronger role in setting future strategy.

Bank of America Corp has appointed a six-member group of directors to oversee the search for Kenneth Lewis' replacement.

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

Fed sees weak economy ahead; BofA's Short Term Solution; Car Sales Sink

Bank of America Corp's board of directors is considering hiring a short-term chief executive, a move that signaled CEO Kenneth Lewis' plan to depart caught the bank flat-footed.

Bank of America Corp'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, a company spokesman said Thursday.

The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.

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.