News Source: Washington Post
| about 1 month ago
Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives were alarmed by mounting losses at Merrill Lynch well before shareholders voted to approve the merger, according to...
News Source: Charlotte Observer Online
| about 1 month ago
The revelation is likely to fuel accusations that the Charlotte bank threatened to abandon the purchase only because it wanted to win a bailout from government officials worried about a tottering financial system. The purchase ultimately closed Jan.
News Source: United Press International
| about 1 month ago
If the United States needed a financial soap opera -- a dubious premise, perhaps -- the purchase of Merrill Lynch by Bank of America is shaping up as a doozy. Investigators from the corridors of Congress, New York State and the Securities and...
News Source: Fox News
| about 1 month ago
Government regulators threatened to remove top Bank of America executives if they backed out of a buyout of failing brokerage giant Merrill Lynch, and offered to provide taxpayer funds to compensate for Merrill's poor performance, according to...