The decision to replace Ken Lewis wil come in weeks, not months, CNBC has learned.

Ken Lewis is the victim of a witch hunt and he should have stayed on at the helm of Bank of America, Dick Bove, banking analyst at Rochdale Securities, told CNBC Thursday.

Bob McCann, who ran Merrill Lynch's brokerage divison before the buyout by Bank of America, may take the place of Robert Wolf as the head of UBS America, according to sources within UBS.

Bank of America CEO Ken Lewis won't resign if he is slapped with civil charges from New York Attorney General Andrew Cuomo, but he's likely to leave if he is charged by the Securities and Exchange Commission, sources inside the Bank have told CNBC.

Stocks advanced Tuesday as the two-year Treasury auction was met with solid demand and the dollar retreated.

Stocks advanced Tuesday as the two-year Treasury auction was met with solid demand and the dollar retreated.

Stocks advanced Tuesday as the dollar turned lower once again, boosting commodity and other stocks.

After a mixed start to the week, U.S. stock index futures pointed to a higher open Tuesday, with the Dow Jones Industrial Average possibly on track for a record performance. 

It’s been four decades since the go-go years of the late 1960s, when hot mutual funds captured the imagination of investors by reporting performance that was too good to be true. It’s been so long that Bank of America seems to have forgotten what happened.

Treasury officials want to require the corporate owners of the nation’s 41 industrial banks to accept more rigorous regulation or be forced to sell or shut them down.

The New York Attorney General's office has subpoenaed five members of Bank of America's directors as part of an investigation into the bank's acquisition of Merrill Lynch, according to a person familiar with the investigation.

A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.

One year after Lehman Brothers’ failure, former employees remain haunted and confounded by the event. “It wasn't Lehman's employees who failed; it was the leadership,” says one ex- senior manager.