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(Image from article: "Lewis Leaving Bank of America at End of Year")

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Lewis Leaving Bank of America at End of Year

Lewis Leaving Bank of America at End of Year

The embattled chief executive, under pressure over the disclosure of losses and bonuses at Merrill Lynch, told the board on Wednesday that he planned to retire, people briefed on the situation said.

 

Fannie Mae seeks $10.7B in US aid after 2Q loss

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

 

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