john thain

Thain ally leaves Bank of America

Nelson Chai, an ally of John Thain, leaves the post of president of Bank of America's Asia-Pacific operations. Ki Myung Kim Hong takes up the role.

February 04, 2009

John Thain ousted from Bank of America

The former Merrill CEO resigns after a meeting with BoA chairman Kenneth Lewis and following bonus revelations.

January 22, 2009

Thain's swansong will be to bequeath Merrill to BoA

The events that led to John Thain initiating and closing a $50 billion merger between Merrill Lynch and Bank of America over the same weekend that Lehman filed for bankruptcy.

September 16, 2008