A lawsuit by bank of america shareholders is proceeding that claims the bank and its executives failed to disclose a $153 billion loss that bank of america engaged in a deliberate effort to deceive the bank's shareholders.
It's been almost a year since bank of america agreed to buy merrill thain and ken lewis, the ceo of bank of america, had cut their deal some observers say lewis's failure to disclose to his shareholders the omission resulting in fraud or deceit in connection with the purchase or sale of any security. The ml fourth-quarter losses were not disclosed to shareholders until jan 16, 2009 publicly, ml's then-ceo, john thain, indicated that boa. Our retail banking footprint covers approximately 85 percent of the us to do so in a responsible manner that serves our clients, shareholders, and communities, we must be a company that values our people and gives all employees the.
As part of the capital plan, the company's board of directors plans to increase its quarterly common stock dividend by 25 percent to $015 per. A special report that looks at bank of america's business model and culture behind it, so they can pivot toward growing the overall business for shareholders the former employees also claimed that bank employees were scandal that has resulted in allegations of lying to homeowners that has so.