Bank of New York

Bank of New York Chief Robert Kelly May Take BofA Helm

Bloomberg reports that Bank of New York chief Robert Kelly is in talks with Bank of America to take the CEO slot from Ken Lewis. Regardless of whether Kelly takes it, it’s easy on the one hand to understand why this slot has been so hard to fill. But on the other hand, as JW

TARP Paybacks, CMBS Placements, Inflation Tame

The woman applying for a job in a Florida lemon grove seemed way too qualified for the job. “Look Miss,” said the foreman, “have you any actual experience in picking lemons?” “Well, as a matter of fact, yes!” she replied. “I’ve been divorced three times.” 3 Bits of Good Mortgage Industry News We had three

Stress Test Results: Banks Need About $65b

Later today, results of the government conducted stress tests on the nation’s 19 largest are likely to reveal that some of these banks will need about $65 billion in additional capital, maybe more. Banks who need to raise money to cover potential losses in the coming two years are as follows: Bank of America Bank