kenneth d lewis

Bank of America named one of its top managers, Brian Moynihan, as its chief executive, succeeding Kenneth D.

Lewis, who plans to leave by the end of the year.

Charlotte, N.C. (PRESS RELEASE – December 16, 2009) — Bank of America today announced that it has pledged to increase lending to small- and medium-sized businesses by at least $5 billion in 2010 over 2009’s results.

The pledge was made to President Obama by Bank of America Chief Executive Officer Kenneth D.

Lewis at a meeting of key bankers at the White House today.

The Dec. 31 departure of Kenneth D. Lewis has left the board at Bank of America scrambling for a successor.

Kenneth D. Lewis has been under pressure since striking an unpopular deal to purchase the investment bank Merrill Lynch.

The former Treasury secretary plans to defend his “strong message” to Kenneth D. Lewis, Bank of America’s chief, that abandoning the bank’s merger with Merrill Lynch could cost Mr.

Lewis his job.

Kenneth D. Lewis, the Bank of America chief, told a House panel that he was pressured by the government late last year to purchase Merrill Lynch.

Bank of America’s chief executive, Kenneth D. Lewis, is testifying Thursday before a House panel that is looking into his bank’s acquisition of Merrill Lynch.

DealBook is live-blogging the hearing.

Bank of America opened an annual shareholders’ meeting here that will determine whether its embattled chief executive, Kenneth D.

Lewis, can hang on to enough support to continue as chairman.

The nation’s largest pension fund said it planned to vote against the re-election of Bank of America’s board, including Kenneth D.

Lewis, the company’s chief executive.

Kenneth D. Lewis, Bank of America’s chief, testified he was told to keep quiet about the deal’s terms, even after it was clear his bank stood to absorb much bigger losses from Merrill than expected.