let's start with bankamerica.d of feel like they have underperformed after year we saw brian moynihan. any money raising her hand saying, why is this happening -- anybody raising their hand saying, why is this happening? mike: that is a key question i will ask on may 6 in charlotte. the ceo last week said they missed their targets and two dozen 14. -- in 2014. bank of america had issue with stress tests and they had a capital restatement. why does the ceo get promoted to also have the chairman role? what they do somebody who works at bank of america, they missed their targets, by the way you get promoted. erik: in your view, he does not deserve to be chairman? mike: why could they not have had an interim chairman for a couple of years until they work through some of their issues? stephanie: do you have someone in line -- someone in mind? mike: i think there are a lot of people on the sidelines. both the process of deciding who was going to be the chairman. -- what was the process of deciding who was going to be ch

bank last monday citibank thursday and bankamerica on tuesday. he pulled out a knife into those robberies the man described as being in his '30's and '40's about 6 ft. 2 he might also have tattoos on both arms. >>reporter: unspecified reward is being offered for information leading to an arrest. >>reporter: recounting a pretty good shape when it comes to of the drought the reservoir to tidewater 94% capacity 2% more than a normal amount this time of the year good news but is not stopping the district from imposing some new rules for all residents to allow the use of water filled with additional water director says no more warming yards with drinkable water with a range or for two days after it rains and no more warning yards more than three days a week. they're ready had ruled between 9:00 a.m. and 7 and at the new was rose to the effect immediately. >>reporter: the city of mountain view has been commended by the state water board putting in a good job for conserve water the city has cut back 15% over the last year saving about 600 million gal. w

. >> reporter: bankamerica here at the intersection of 38th avenue rob steed is ago.dered armed and dangerous shot a knife into the incidence. this man caught on surveillance zedillo couple. * take a look at the pictures of stories called him the clean-cut banned it. clean shaven not wearing masks and eagerly go look at the sky. that story described as a black man and as there is a 40. athletic build based on the pictures they believe he has tattoos on both arms. and you commit see he's only wearing a short sleeve polo shirt and each alleged robbery. this morning talk to a nearby business owner not surprise the spike in knotter richmond was robbed. the bank's security guard on duty at the time. i spoke to him personally and as we told us i can tell is a right now. the guard was gone from verrazano. he thinks it's coincidental or the robber may be new? he probably knew. >> reporter: badly as many pictures as possible for three different bank robbery is first on march 30th u.s. bank and the 4000 block of mission street. second apple such callous the bank of quarterback

alleging a candidate in a palace in the sand had ties to terrorist attack to promote more candid and bankamerica and one is not the also rough since ties to jihad groups in the 1993 trade bombings that also makes strange claims about the canada family. here both campaigns are condemning the flyer no one is claiming responsibility for sending them out. a pile up on the georgia freeway kills five nursing student seven vehicles and all were involved in this press including big breaks the accident have a war the big rigs fell to slow down for gridlock traffic this and the soon as you the another truck it burst into flames the five women killed law student instead or georgia. the 40 your mexican girl finally returned home yesterday after she was mistaken for someone else choose to, you as the doors and forced to live and united states with a houston woman who planted as american daughter who was illegally taken to mexico are father years ago the family this is a the door is a mistaken the case drew international attention last week after their record available for to get dna test and posting it to so

represents institutional shareholders saying the governance committee at bank of america moynahan's bankamericall that good. mike mayo still pricey on the street at clsa has taken up this debate and says it is a most unusual board. how critical a board are the ceo's of american banks? prof. hintz: the answer is simple -- looking a number of people is that on a bank board. way too many. tom: way too many full set thank you. steve burke of comcast is i believe on the citigroup board. prof. hintz: i want a risk manager because risk management is something board managers typically do not have, so i want a finance person, i want somebody who is very knowledgeable about risk management. i would love to have somebody who knows something about capital markets in terms of the trading businesses, and then the rest can be the golf partners. tom: this is really well said olivia. this is the reality that guys like professor brad hintz look at when a look at the back of the annual report. olivia: you were talking about what went wrong with strategy 2015, back in 2012, the return on equity target was set at 1

bankamerica, goldman sachs, jp morgan doing well. what conclusions can we draw?at banks are performing well. the earnings moves themselves the volatility around earnings have been quite low. the fact that the bank has -- the banks have gone rum 0% to 2%, that has not been a huge catalyst. scarlet: is that because of reduced expectations? guest: yes. last year, litigations costs. that has gone away. growth is moderate. the banks putting much came in at zero. scarlet: u.s. stocks have backtracked a little bit. europe coming off of its record highs as well. there's a lot of talk about greece leaving the eurozone. you have the etm that tracks greek stocks. does it hinge on an exit? guest: no. the headlines have been building, a lot of negative headlines about greece exiting the euro. i think there is a lot at stake. this is a game of chicken. everybody wants to win as many concessions as they can. at the end of the day, i think that greece likes a deal. scarlet: what is your trade then? guest: we go out to may expirations. even money is a nice way to get in upside sh