LOS ANGELES, CA – Kenneth D. Lewis, Chief Executive Officer, Chairman and President of Bank of America, delivered his address “Mending Our Mortgage Markets” at TOWN HALL Los Angeles on last Wednesday July 9, at the Omni Los Angeles Hotel in downtown Los Angeles.
Ken Lewis was at the Hyatt Hotel in La Jolla in San Diego July 7 where he met with Faith Bautista, Executive Director of Mabuhay Alliance, and had a community forum with community leaders. Ms. Bautista met with Mr. Lewis in March 2006 and again yesterday. Ken spoke about a more comprehensive relief in helping homeowners keep their home. "I am cautiously optimistic that Bank of America is going to take the lead in solving foreclosure crises," Lewis told the local homeowners.
On the current housing crisis, Lewis states, "Excesses in financial markets are not new. But when an economic bubble bursts that is based on the one asset that represents much of a family’s life savings – in short, their home – the fallout for families and neighborhoods can be devastating.”
Lewis was appointed Chief Executive Officer in 2001. He joined North Carolina National Bank (NCNB, predecessor to NationsBank and Bank of America) in 1969 as a credit analyst. He led the bank’s operations in Florida and Texas in the 1980s and served as President of Consumer and Commercial Banking and Chief Operating Officer in the 1990s.
Bank of America serves more than 59 million consumers and business clients through more than 6,100 retail banking offices, 19,000 ATMs and an online banking and bill-pay service with more than 24 million active users.
Throughout its history, TOWN HALL has hosted speakers on the topics of finance and the economy. This year, TOWN HALL welcomed California State Treasurer Bill Lockyer and CEOs Anne Mulcahy of Xerox and Scott Davis, UPS.
This marks Lewis’ third appearance at TOWN HALL Los Angeles . His last address was "Beyond the Bottom Line: Business on the Cutting Edge," that took place last June.
TOWN HALL Los Angeles is a nonprofit, nonpartisan membership organization comprised of leaders and engaged citizens dedicated to examining important issues facing our society. TOWN HALL’s events, on-air programs, and written communications bring leaders and visionaries together to discuss and interact with our community while educating, generating solutions, and positively affecting our region for generations. To become a part of this tradition, join TOWN HALL.
Ken Lewis was at the Hyatt Hotel in La Jolla in San Diego July 7 where he met with Faith Bautista, Executive Director of Mabuhay Alliance, and had a community forum with community leaders. Ms. Bautista met with Mr. Lewis in March 2006 and again yesterday. Ken spoke about a more comprehensive relief in helping homeowners keep their home. "I am cautiously optimistic that Bank of America is going to take the lead in solving foreclosure crises," Lewis told the local homeowners.
On the current housing crisis, Lewis states, "Excesses in financial markets are not new. But when an economic bubble bursts that is based on the one asset that represents much of a family’s life savings – in short, their home – the fallout for families and neighborhoods can be devastating.”
Lewis was appointed Chief Executive Officer in 2001. He joined North Carolina National Bank (NCNB, predecessor to NationsBank and Bank of America) in 1969 as a credit analyst. He led the bank’s operations in Florida and Texas in the 1980s and served as President of Consumer and Commercial Banking and Chief Operating Officer in the 1990s.
Bank of America serves more than 59 million consumers and business clients through more than 6,100 retail banking offices, 19,000 ATMs and an online banking and bill-pay service with more than 24 million active users.
Throughout its history, TOWN HALL has hosted speakers on the topics of finance and the economy. This year, TOWN HALL welcomed California State Treasurer Bill Lockyer and CEOs Anne Mulcahy of Xerox and Scott Davis, UPS.
This marks Lewis’ third appearance at TOWN HALL Los Angeles . His last address was "Beyond the Bottom Line: Business on the Cutting Edge," that took place last June.
TOWN HALL Los Angeles is a nonprofit, nonpartisan membership organization comprised of leaders and engaged citizens dedicated to examining important issues facing our society. TOWN HALL’s events, on-air programs, and written communications bring leaders and visionaries together to discuss and interact with our community while educating, generating solutions, and positively affecting our region for generations. To become a part of this tradition, join TOWN HALL.
KEN LEWIS, Chief Executive Officer of the Bank of America, shown here with Faith Bautista, Executive Director of Mabuhay Alliance, came to San Diego to express his unconditional support to help homeowners save their homes. His commitment helped a great deal in alleviating the sufferings of the homeowners in San Diego that generated not only good news, but a great a sigh of relief.
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