Los Angeles, CA ??" Wednesday, June 25, 2008 ??" Kenneth D. Lewis, Chief Executive Officer, Chairman and President of Bank of America, will deliver his address ???Mending Our Mortgage Markets at TOWN HALL
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
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
TOWN HALL
All accredited members of the media are invited to cover this event.
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