Meredith Whitney: 'Don't Fire Ken Lewis!'

See, if you’re an independent bank analyst you have to say the thing that’ll get you the big headline. Dick Bove says Bank of America (BAC) will revisit its all time highs. Mike Mayo says loan losses will be bigger than the Great Depression.

And Meredith Whitney — the bank slayer — says Ken Lewis shouldn’t be fired. Surprise!

Speaking on a panel in Toronto, she said the embattled CEO has “done a great job”… except for Merrill Lynch which was “one major mistake acquisition.”

Just one major mistake, that’s all.

(Also: what about Countrywide?)

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at