Bank of America to hand over more documents in probe over Merrill deal, panel chair saysSeptember 22nd, 2009 Bank of America will give Congress more documentsWASHINGTON — Bank of America Corp. will hand over more documents to a congressional committee probing its hastily arranged acquisition of troubled brokerage house Merrill Lynch.
Congressman latest to ask Bank of America for more details about its purchase of Merrill LynchSeptember 21st, 2009 Rep. Towns asks BofA for details on Merrill dealNEW YORK — Bank of America Corp. was facing a deadline Monday to turn over additional information about its acquisition of Merrill Lynch, this time to a Congressional committee.
Report: FBI, Justice Department also investigating Bank of America's Merrill Lynch dealSeptember 18th, 2009 Report: FBI, DOJ investigating BofA's Merrill dealCHARLOTTE, N.C. — The FBI and Department of Justice are conducting a criminal probe into Bank of America Corp.'s purchase of Merrill Lynch last year, the Charlotte Observer reported Friday.
Judge throws out $33M settlement with Bank of America, SEC over Merrill Lynch bonusesSeptember 14th, 2009 Judge rejects deal between SEC, BofA over bonusesNEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp., saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial. Separately, New York Attorney General Andrew Cuomo's office is preparing to file charges within the next couple of weeks against several high-ranking executives at Bank of America, claiming they failed to disclose details about the bank's acquisition of Merrill Lynch, according to a person familiar with the investigation.
AP Source: NY Attorney General preparing charges against BofA execs over Merrill Lynch dealSeptember 14th, 2009 AP Source: Cuomo preparing charges against BofANEW YORK — The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's alleged failure to disclose details about its acquisition of Merrill Lynch, according to a person familiar with the investigation. Attorney General Andrew Cuomo's office is likely to file civil charges against the executives over their role in failing to alert shareholders to mounting losses as well as accelerated bonus payments at Merrill, said the person, who requested anonymity because no charges have been filed yet.
SEC defends deal with Bank of America over Merrill bonuses; banks says no individual at faultSeptember 9th, 2009 SEC defends $33M settlement with Bank of AmericaWASHINGTON — Federal regulators on Wednesday defended their proposed $33 million settlement with Bank of America over bonuses paid by Merrill Lynch. But the Securities and Exchange Commission said the bank didn't waive attorney-client privilege, making it impossible to establish if its executives knowingly breached securities laws.
Bank of America asked to provide NY attorney general with further details on Merrill dealSeptember 8th, 2009 NY AG asks BofA for more details on Merrill dealNEW YORK — Bank of America Corp. and the New York Attorney General's office are sparring again over the bank's acquisition of Merrill Lynch & Co.
Ohio attorney general says $475M Merrill Lynch settlement with pension fund now a done dealSeptember 8th, 2009 Ohio AG says $475M Merrill Lynch settlement readyCOLUMBUS, Ohio — Ohio Attorney General Richard Cordray says $475 million in settlement money is ready for distribution to Merrill Lynch investors in Ohio and elsewhere. Cordray on Tuesday announced the completion of the financial company's settlement with the State Teachers Retirement System.
Judge orders SEC to explain why didn't investigate Bank of America execs in Merrill bonus caseAugust 26th, 2009 Judge asks SEC to explain Bank of America actionsWASHINGTON — A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. misled shareholders about bonuses paid by Merrill Lynch.
Judge says lawsuit over Merrill Lynch retirement accounts to be settled for $75 millionAugust 26th, 2009 Worker lawsuit over Merrill Lynch stock settledNEW YORK — A federal judge gave the final approval for a $75 million settlement on behalf of employees who had Merrill Lynch stock as a retirement investment. In a key ruling last week, U.S.
SEC, BofA defend $33M Merrill Lynch bonus settlement; bank says it didn't mislead investorsAugust 25th, 2009 SEC, BofA defend Merrill bonus settlementWASHINGTON — The Securities and Exchange Commission and Bank of America Corp. on Monday defended the fairness of their proposed $33 million settlement over executive bonuses paid out by Merrill Lynch, and the bank maintained it didn't mislead investors in the affair.
Judge says more details, names needed in $33 million Bank of America bonus settlementAugust 11th, 2009 Judge: More details needed in BofA bonus caseNEW YORK —A federal judge says he needs more time and additional details before making a decision on a $33 million settlement between Bank of America and the Securities and Exchange Commission over executive bonuses. In a hearing in New York on Monday, U.S.
Judge declines to OK BofA's $33M settlement with SEC over Merrill bonuses, sets Monday hearingAugust 6th, 2009 Judge doesn't sign off on BofA, SEC settlementNEW YORK — A judge has balked at signing off on a $33 million proposed settlement between the Securities and Exchange Commission and Bank of America Corp. over bonuses.
Bank of America pays $33-mn fine for misleading bonusesAugust 3rd, 2009 WASHINGTON - The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when it acquired the investment bank. While seeking stockholder approval of the deal to acquire Merrill Lynch, the Bank of America said that Merrill would not pay year-end bonuses to its executives, the Securities and Exchange Commission said.
Former Treasury Secretary Paulson defends his response to finance crisis, Bank of America dealJuly 15th, 2009 Paulson defends work as treasury secretaryWASHINGTON — Former Treasury Secretary Henry Paulson has said in written testimony that the Bush administration's response to the financial crisis late last year was "not perfect" but "saved this nation from great peril."
Paulson also defended his role in Bank of America Corp.'s decision to acquire Merrill Lynch, despite Merrill's troubled financial state. Paulson said the merger was in the best interest of the nation and the two firms and that remarks he made during discussions of the deal were "appropriate."
Some House lawmakers have accused Paulson and Federal Reserve Chairman Ben Bernanke of pressuring Bank of America officials to proceed with the merger despite mounting losses at Merrill Lynch that ultimately hurt Bank of America stockholders.
Loading ...