Ken Lewis
Ken Lewis
banking benefits businesses consumer continued execution good investment momentum performance quarter rebound strong trading wealth
We have strong momentum in all our businesses as the benefits from continued execution in our consumer businesses were accompanied this quarter by a rebound in trading and good performance in investment banking and wealth management.
bankruptcy benefit card change changes credit expect forward impact issue laws level performance practices quarter recent recur reduced results trading weak
The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.
best body decisions grow larger
I'm doing what I think is best for the larger body ... so they can grow and prosper. We don't take those decisions lightly.
clock divorce divorced fathers measure time
Divorced fathers measure time by memories, not by the clock
addition affinity agreement america bank beginning card choice customers era existing express financial franchise marks offered power premier product products provide services
This agreement marks the beginning of a new era of partnership between two of the world's premier financial services brands. The addition of the American Express card to the existing Bank of America product offerings, coupled with the suite of affinity card products offered by MBNA, underscores the power of our franchise to provide our customers with unparalleled choice and convenience.
charged county fair gives taxes
This is a fair settlement, and it gives back to ratepayers Multnomah County taxes they were charged by PGE under Enron.
america bank commercial policy related
Bank of America does not have an eminent-domain policy related to commercial lending.
ability five high level maintain matter officers performance provide time
It?s just a matter of arithmetic, ... Five officers is what we need to maintain a high level of performance. This is not a time to be going down in our ability to provide services.
available balance funding grant nice whatever
We're going to go after whatever grant funding is available. We think this is a nice balance in allocating the available resources.
chain execution leader management named overall proud recognized supply technology value warehouse
Being recognized as a technology leader in Supply Chain Execution, particularly by end users, illustrates the value of warehouse management to a company's overall success. We are proud to be named to this list.
added parents
The parents and I added it up about 15 times.
actions regret slavery supported taken
We regret any actions our predecessors may have taken that supported or tolerated the institution of slavery in America,
achievement allowed asset banking business commercial consumer corporate costs credit earnings equity global higher increased investment last lines lower major management operating overcome percent plus three total
Our three major business lines -- consumer and commercial banking, asset management and global corporate and investment banking -- in total increased their revenues by 8 percent last year, ... Their achievement allowed us to overcome significantly higher credit costs plus much lower equity market-related revenues and still increase operating earnings for the year.
passed school wish
I wish we had passed the school bonds.