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NEW YORK (Thomson Financial) - Bank of America Corp. Chief Executive Kenneth Lewis said he sees no reason for the bank to either raise capital, or to cut dividends, as feared by the financial markets.
Speaking at a public meeting in Los Angeles Wednesday, he said he believes the U.S. economy could begin to recover [...]

By Jane Sutton
 
MIAMI, July 1 (Reuters) - The U.S. state of Florida hopes to negotiate a monetary settlement with Bank of America Corp (BAC.N: Quote, Profile, Research) for what the state calls deceptive lending practices by the bank’s newly acquired mortgage unit, Countrywide Financial Corp, the state attorney general said on Tuesday.
 
“There is technically a [...]

July 4 (Bloomberg) — Investors suing over Bank of America Corp.’s $2.5 billion buyout of Countrywide Financial Corp. lost an attempt to stop a settlement of claims that company officials sold the largest U.S. home lender too cheaply.
Delaware Chancery Judge John Noble yesterday refused to put on hold a settlement of lawsuits alleging Countrywide directors’ [...]