BofA Ex-Counsel Says "Stunned" by Firing Nov 17, 2009
He is a former executive at FleetBoston Financial Corp, which was led by Gifford until it was bought by Bank of America in 2004. 1. (ABC News -- Wire)
Bank of America Ex-Lead Director Sloan Says Insider Should Succeed Lewis Nov 11, 2009
Moynihan joined Bank of America through its 2004 purchase of FleetBoston Financial Corp., while Desoer worked for BankAmerica Corp. when it was bought by NationsBank Corp. in 1998. I get tired of hearing we didnt have a succession plan, said Sloan, chairman of Raleigh, North Carolina-based. (Bloomberg -- US)
Burlington Business Buzz Nov. 5 edition Nov 6, 2009
Emond also spent 10 years with FleetBoston Financial and BankBoston, serving as senior director of Internet Banking and Chief Operating Officer for the Wholesale Bank, managing operations, strategic planning, and key business initiatives. Emond s community involvement has included his role as a member of the Board of Directors of HAWC in Salem, Massachusetts, Vice Chairman of the Finance Committee for the town of Marblehead, Massachusetts, management advisor to www. (Burlington Union, MA)
Bank of America's Top Lawyer Wasn't Licensed to Drive Merrill Deal Nov 5, 2009
He joined FleetBoston Financial Corporation in 1993 as deputy general counsel, but in 1999 moved to the business side as executive vice president over Fleet's brokerage and wealth management unit. He joined Bank of America in 2004 as head of global wealth and investment management, and was named president of global corporate and investment banking in 2007. (Law.com)
All Aboard, Dreamers Nov 1, 2009
Now, like the last train, the city has been notified that the last bank (Norstar to Fleet Norstar to Fleet Financial Group to FleetBoston Financial to Bank of America) is pulling out. Mayor Jerry Jennings has formed a group to market Kiernan Plaza. (Albany Times Union)
US Congress calls on BofA directors to testify - source Oct 18, 2009
Both May and Gifford are former FleetBoston Financial directors who joined Bank of America when the Northeastern U.S. bank was purchased by the Charlotte, North Carolina-based lender in 2004 for roughly $43 billion. In 2008, May chaired the bank's audit committee, while Gifford served on the executive committee. (Business Report, South Africa)
Newsweek: Bank of America searches for new CEO Oct 17, 2009
Moynihan is also something of an outsider; he joined the firm in 2004 when it bought FleetBoston Financial Corp.. Sallie Krawcheck, the head of wealth management, is also said to be a contender. (MSNBC -- Business)
BofA board receives update on CEO hunt Oct 10, 2009
Since joining the bank through the 2004 FleetBoston Financial Corp. acquisition, Moynihan has served stints in a variety of roles. In a management shakeup in August, he became head of the consumer banking franchise. (Fresno Bee -- Lifestyle)
Analysts name possible contenders to lead Bank of America Oct 9, 2009
They were directors of FleetBoston Financial when it was acquired by Bank of America, which may benefit Moynihan, who worked under them at Fleet. Several other Bank of America executives, including chief risk officer Gregory Curl, 61, and Sallie Krawcheck, a well-known Wall Street executive who was recently appointed the company s head of wealth management, are also considered candidates. (Boston Globe)
BofA's internal CEO candidates down to two Oct 8, 2009
Both internal candidates are likely to raise eyebrows, given the bank s woes following its purchases of , mortgage lender Countrywide and credit card giant MBNA. Moynihan, a lawyer, came to the bank through its 2004 purchase of FleetBoston Financial. He has broad, but brief, experience overseeing several parts of BofA. (NYSE: BAC). (Dallas Business Journal, TX)
BofA board fields CEO search team Oct 6, 2009
Gifford, May and Ryan are former directors of FleetBoston Financial Corp., the bank BofA bought in 2004. Powell is a former chairman of the Federal Deposit Insurance Corp. and Holliday is a former DuPont chairman. (Wichita Business Journal, KS)
Meirelles Says Brazil's 2010 Elections Pushing Up Yields on Rate Futures Oct 4, 2009
The former FleetBoston Financial Corp. banker said investor expectations that policy makers globally will have to withdraw fiscal and monetary stimulus as the recovery gains momentum was also spurring bets that inflation would quicken. Still, he said the fears were unfounded because nobody thinks the next government will put at risk the economic stability Brazilians have come to value over the past decade. (Bloomberg -- Latin America)
BofA pays $1.2M for director Giffords jet use Gifford's payouts stand out at BofA BofA chairman Gifford resigns Oct 3, 2009
Seven months into the job, Bank of America Corp. Chairman Charles "Chad" Gifford will retire at the end of January, the company said late Tuesday, removing the last vestige of the FleetBoston Financial Corp. leadership that came over after the $48 billion megamerger ... In 1999, he sold then BankBoston Corp. to what was Providence-based Fleet Financial Group, forming FleetBoston Financial Corp. By the time Fleet was bought by Bank of America, Gifford was Fleet's president, CEO and chairman. (Boston Business Journal, MA)
BofA's CEO Search Panel Heavy on Fleet Veterans Oct 3, 2009
NEW YORK (Reuters) - 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. Known as the "transition committee," the panel will be led by Bank of America Chairman Walter Massey. (ABC News -- Wire)
CNBC: BofA board member may succeed Lewis Oct 2, 2009
Gifford was chairman emeritus of Charlotte-based BofA (NYSE:BAC) after the bank s acquisition FleetBoston Financial Corp. Boardman is a retired from Bank One Corp.. Lewis, 62, will retire as CEO by year end. (Charlotte Business Journal, NC)
He's not even cold Oct 1, 2009
The bank also could elect to name an interim CEO such as Moynihan or Chad Gifford, the BofA director who sold FleetBoston Financial to BofA. ... The bank also could elect to name an interim CEO such as Moynihan or Chad Gifford, the BofA director who sold FleetBoston Financial to BofA.. (New York Post -- Business)
Next Bank of America CEO Must Rebuild Firm's Image Oct 1, 2009
Moynihan joined Bank of America in 2004 through the bank's acquisition of FleetBoston Financial. He served as president of Bank of America's global wealth and investment management operation before taking on his current role. (ABC News -- Business)
Lewis Resigns After Betting Bank of America on America When America Broke Oct 1, 2009
Acquisitions during his tenure included FleetBoston Financial Corp. for $48 billion in 2004, MBNA Corp for $35 billion in 2006, LaSalle Bank of Chicago for $21 billion in 2007 and for $2. 5 billion in 2008. (Bloomberg -- US)
Meirelles to Join Brazil's Biggest Political Party Ahead of 2010 Elections Sep 30, 2009
The former FleetBoston Financial Corp. banker, after taming inflation in almost seven years on the job, helped Brazil emerge from the global recession in the second quarter by lowering interest rates to a record 8. 75 percent. (Bloomberg -- Latin America)
Enrollment grows as Doane Stuart opens new campus Sep 24, 2009
Robinson, a former managing director for FleetBoston Financial, said Doane Stuart was fortunate to have its loan application approved last fall at a time when credit markets were freezing up. The private donations have come in two phases. (Albany Business Review, NY)
Under scrutiny, Bank of America to scale down overdraft fees Sep 23, 2009
Moynihan, who joined the bank in the 2004 FleetBoston Financial Corp. merger, has remained in Boston since taking his new job, but he said he's in Charlotte nearly every week. If he succeeds in his new position, he is seen as a possible successor to chief executive Ken Lewis, who is under legal and regulatory scrutiny for his Merrill Lynch & Co. acquisition. (Fresno Bee -- Lifestyle)
Lewis' choice Sep 23, 2009
In 2004, the bank purchased FleetBoston Financial; this bank was created by the 1999 merger of Fleet Bank of Rhode Island and Bank of Boston. In buying FleetBoston, Bank of America could legitimately claim that it was around to give loans to American Revolutionary War hero John Hancock in 1784. (Asia Times Online)
Cuomo Subpoenas 5 Bank of America Directors Sep 18, 2009
Other executive committee members included Lewis, former FleetBoston Financial Corp chief Charles Gifford and former Liberty Mutual Group chief executive Gary Countryman. After the Merrill purchase, the board grew to 19 directors. (Newsmax)
Shakeup at BofA intensifies employee anxiety Aug 7, 2009
With the company since the 2004 FleetBoston Financial acquisition, he's held wealth management, investment banking and general counsel posts. His interim successor as general counsel, Edward O'Keefe, was named permanently to the position on Wednesday. (Fresno Bee -- Lifestyle)
Report: Bank Of America To Cut 10% Of Branches Jul 29, 2009
In 2004, the bank acquired FleetBoston Financial, a move that gave Bank of America $133 billion in deposits in eight Northeastern states. Three years ago it added millions of names to its customer ledger through the purchase of credit card issuer MBNA Corp.. (Click2Houston, TX)
Brazil Traders Undermine Meirelles's Recovery by Driving Up Future Yields Jul 22, 2009
Meirelles, a former FleetBoston Financial Corp. banker, has supporters who share his view that the yield gap has widened too much. the Latin America equity strategist at Citigroup Inc., told a conference in New York on July 15 that Meirelles is probably right and the market is wrong on interest rates. (Bloomberg -- Latin America)
For BofA's Lewis, Merrill Was 1 Deal Too Many Apr 30, 2009
An aggressive dealmaker who had already snapped up big bank companies including FleetBoston Financial, MBNA and Countrywide Financial, Lewis this time didn't buy a financial winner when BofA bought Merrill Lynch in a rushed deal last September on the same weekend that Lehman Brothers Holdings Inc. went under. After the purchase was sealed, Merrill Lynch announced $15 billion in fourth-quarter losses. (ABC News -- Wire)
BofA pays $1.2M for director Giffords jet use Mar 26, 2009
A well-known Boston banker, Gifford ran FleetBoston Financial Corp. before Bank of America acquired the company in 2004 for $48 billion. After the takeover, Gifford became chairman of Bank of America until he retired in early 2005. (Boston Business Journal, MA)
Bank of America to receive additional $20 billion Feb 12, 2009
It snapped up Bank of America and took on its name, then followed with flashy deals for FleetBoston Financial in 2003 and then the credit card giant MBNA in 2006. That was followed by US Trust and LaSalle Bank of Chicago a year later. (International Herald Tribune)
