Bank Of America, Merrill Lynch | featured news

Paulson to Defend Banks' Merger

Former Treasury secretary to deny government used pressure in Merrill, Bank of America merger.

 

Bernanke defends Fed on bank deal

Bernanke defends Fed on bank deal

The head of the US Federal Reserve says it acted with "integrity" in Bank of America's takeover of Merrill Lynch.

 

U.S. Pressured Bank to Buy Merrill Lynch, Executive Says

Kenneth D. Lewis, the Bank of America chief, told a House panel that he was pressured by the government late last year to purchase Merrill Lynch.

 

Congress subpoenas the Federal Reserve

House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co.

 

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. -- a deal that later triggered a government bailout of BofA -- according to testimony by Kenneth Lewis, the bank's chief executive.

 

Pressure mounts on BofA CEO before annual meeting

Two influential investor advisory groups sharply rebuked Bank of America Corp Chief Executive Kenneth Lewis over his handling of the buyout of ailing Merrill Lynch & Co, recommending he be thrown off the bank's board at its upcoming annual meeting.

 

Thain under fire on Merrill bonuses

New York's attorney general is moving to force former Merrill CEO John Thain to discuss details about bonuses paid to employees before the company was sold to Bank of America.

 

Thain to pay back office decorating costs

Former Merrill Lynch Chief Executive John Thain said Monday he plans to reimburse Bank of America for a $1.2 million renovation of his office a year ago.

 

Thain Resigns Amid Losses at Bank of America

John A. Thain, the former chief executive of Merrill Lynch, resigned after Bank of America suffered unexpected losses stemming from its acquisition of the giant brokerage.

 

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