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Two influential investor advisory groups recommended on Friday that Bank of America Corp shareholders vote to strip CEO Kenneth Lewis of his chairman role, adding to pressure on the bank's leader following the controversial buyout of Merrill Lynch & Co.

Two influential investor advisory groups recommended on Friday that Bank of America Corp shareholders vote to strip CEO Kenneth Lewis of his chairman role, adding to pressure on the bank's leader following the controversial buyout of Merrill Lynch & Co.

On Tuesday an activist Bank of America Corp investor said he expects shareholders to demand that Chief Executive Kenneth Lewis give up his job as chairman.

Three senior healthcare bankers have left Bank of America Corp for a boutique investment bank, adding to a flood of departures since Bank of America acquired Merrill Lynch & Co in January.

Adding to the spate of departures at Merrill Lynch, some senior bankers covering healthcare companies are leaving the bank, which was acquired by Bank of America Corp , to join a boutique investment bank in New York, the Wall Street Journal said.

Oil slipped under $50 a barrel on Tuesday on forecasts for softer 2009 global petroleum demand and for a weekly build in U.S. crude supplies.

Oil erased an earlier gain to trade near $50 a barrel on Tuesday after weak U.S. economic data refocused attention on falling global oil demand and forecasts for rising U.S. supplies.

Oil erased an earlier gain to fall below $50 a barrel on Tuesday after weak U.S. economic data refocused attention on falling global oil demand and forecasts for rising U.S. supplies.

Oil rose above $50 a barrel on Tuesday, recovering after an earlier fall, as a stock market rally countered the impact of weakening global oil demand and forecasts for rising U.S. supplies.

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

Investors are more confident in bonds from industrial companies than bank firms, according to data analysis released on Monday.

Brian Moynihan, who heads Bank of America's (BAC.N) investment banking and wealth management divisions, is emerging as a potential successor to Chief Executive Kenneth Lewis, the Wall Street Journal said.

Bank of America's Merrill Lynch has recently closed the Tokyo office of Merrill Lynch Global Private Equity , a major international investment arm of the U.S. bank.

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors braced for aluminum producer Alcoa's quarterly results that will kick-start a keenly awaited U.S. earnings season.

Merrill Lynch & Co, now owned by Bank of America Corp , agreed to pay $75 million to settle a class-action lawsuit by employees who lost money investing in Merrill stock through their retirement plans.

Congressman Dennis Kucinich on Monday asked the U.S. Securities and Exchange Commission to determine if Bank of America Corp violated federal securities laws by not disclosing Merrill Lynch & Co's plan to pay $3.62 billion of bonuses to top executives.

Bank of America Corp Chairman and Chief Executive Kenneth Lewis said it may take several quarters for the bank to repay its $45 billion of federal bailout money, although he believes the U.S. economy may bottom out in the second half of this year.

Bank of America Corp Chairman and Chief Executive Kenneth Lewis said it may take several quarters for the bank to repay its $45 billion of federal bailout money, though he believes the U.S. economy may bottom out in the second half of this year.

About 250-300 employees at fraud-hit Indian outsourcer Satyam Computer Services are joining Bank of America the Business Standard newspaper said on Wednesday.

A U.S. regulator has ordered Merrill Lynch & Co to pay close to $40 million after its Advest unit advised an endowment to buy a stake in a fund affiliated with the collapsed commodities broker Refco Inc.

Bank of America Corp , the largest U.S. bank, is folding its Premier Banking unit into Merrill Lynch Global Wealth Management, laying off several hundred workers, the Wall Street Journal said.

Bank of America Corp Chief Executive Kenneth Lewis said the largest U.S. bank wants to start repaying $45 billion of federal bailout money next month, after completing a government stress test, the Los Angeles Times reported on Wednesday.

Longtime Bank of America Corp shareholder Jerry Finger launched on Monday his formal campaign to strip Chief Executive Kenneth Lewis of his job as chairman, saying the bank took too much risk by acquiring Merrill Lynch & Co.

Proposed legislation to tax 90 percent of bonuses at companies receiving more than $5 billion in government funds is unfair, Bank of America Corp Chief Executive Kenneth Lewis said in a memo to employees on Friday.

An exodus of expertise from the natural resources sector following the collapse in commodities prices mean banks and industry could face a shortage of seasoned professionals when demand eventually recovers.

Bank of America Corp was involved in accounting for fourth-quarter writedowns at Merrill Lynch & Co before it acquired the brokerage firm, the Financial Times reported on Thursday.

The U.S. House of Representatives swiftly passed a bill on Thursday to recoup controversial bonuses paid to American International Group Inc as Treasury Secretary Timothy Geithner tried to calm the furor by taking responsibility.