Documents in Bank of America Probe Apparently Show CEO Misled Federal Officials
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- News Source: Uinta County News | about 1 month agoInternal Bank of America documents and e-mails show that one of the candidates to become the bank's next chief executive was among the leaders heavily involved in crafting a government rescue package used to seal its Merrill Lynch purchase.
- News Source: Truthout | about 1 month agoNew documents in the Bank of America Corp. Ken Lewis apparently misled federal officials when he asked them to cough up $20 billion and other financial incentives to keep him from canceling the bank's merger with Merrill Lynch & Co., Inc.
- Blog Source: www.truthout.orgLewis, the documents show, told the officials that the Charlotte, N.C.-based bank believed it had a "MAC" - a material adverse change that would trigger an escape clause that would allow Bank of America to get out of the merger. ...
- Blog Source: www.sott.net29 e-mail to top executives of the Charlotte, North Carolina-based bank, including Chief Executive Officer Kenneth D. Lewis. The e-mail was among more than 1000 pages of documents sent last week to the House Oversight Committee. ...
- Blog Source: blog.macroaxis.com29 e-mail to executives of the Charlotte, North Carolina-based bank, including Chief Executive Officer Kenneth D. Lewis. The e-mails are among more than 1000 pages of documents sent last week to the House Oversight Committee. ... “These documents
- Blog Source: www.thedeal.comSeveral e-mails and documents obtained by investigators from Bank of America Corp. reveal another story concerning the deal between BofA and Merrill Lynch.
- Blog Source: philsbackupsite.wordpress.com29 e-mail to executives of the Charlotte, North Carolina-based bank, including Chief Executive Officer Kenneth D. Lewis. The e-mails are among more than 1000 pages of documents sent last week to the House Oversight Committee. ... “The strategic
- Blog Source: www.ritholtz.com“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, .... The
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