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The article discusses events that culminated in Bank of America chief executive Ken Lewis' decision to announce his resignation from that post. Lewis annoyed federal regulators when he threatened to back away from his firm's commitment to buy Merrill Lynch & Co. Large losses subsequently announced by Merrill prompted New York State attorney general Andrew Cuomo to question whether Lewis had adequately informed shareholders about the Merrill acquisition.

Focuses on the troubles incurred by Bank of America Corp. in light of recent allegations that the company gave special privileges to a hedge fund, Canary Capital Partners LLC. Strained relations between the banking and asset-management arms of the company; Percentage decline in the bank's shares since the allegations of New York (State) Attorney General Eliot Spitzer became public, suggesting that bank chairman Kenneth Lewis will take swift action against individuals responsible for tarnishing the bank's image; View of former and current Bank of America employees that the company's push into asset-management was too aggressive; Percentage of the bank's annual income attributed to asset-management, indicating that it has fallen short of the goals set by Lewis.

The article looks at the decision of Bank of America (BofA) Corp. chairman and chief executive officer (CEO) Kenneth D. Lewis to consider the acquisition of the investment bank Lehman Brothers Holdings Inc. It states that Lehman Brothers has a history of attempting to turn difficulties to its advantage. It presumes the move has been influenced by the declining stock price of BofA and the possibility of federal government support for the deal. It cites that the acquisition would expand the coverage of BofA outside the country.

Discusses the crisis that Bank of America's chief executive officer, Kenneth Lewis, is facing in late summer 2003. Fact that up until September Bank of America was having a good financial year; Findings by New York Attorney General Eliot Spitzer that Bank of America was involved in allowing hedge fund Canary Investment Management LLC special trading privileges; Total revenue for Bank of America's asset-management unit.

The article reports that John Thain has resigned from Bank of America (BOA) Corp. Thain was previously chief executive of Merrill Lynch & Co., which BOA purchased in late 2008. Tension existed between Thain and BOA chief executive Ken Lewis over several issues including unexpectedly large losses at Merrill for the fourth quarter of 2008.

The article reports on the challenges faced by Bank of America Corp. (BofA) in searching for its new chief executive officer (CEO) who will succeed retiring chief executive Kenneth D. Lewis. The bank's chief risk officer Gregory Curl and consumer and small business banking chief Brian Moynihan remain as the leading inside candidate to succeed Lewis. Outside CEO candidates such as Laurence D. Fink of BlackRock Inc. and Ajay Banga of MasterCard Inc. are said to be not interested to take the post.