Bank of America names team to oversee search for new CEO to replace LewisOctober 2nd, 2009 BofA board forms CEO search committeeCHARLOTTE, N.C. — Bank of America Corp.
Ohio AG takes lead role in securities lawsuit alleging concealment by Bank of AmericaSeptember 30th, 2009 Ohio AG takes lead role in Bank of America lawsuitCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank's merger with Merrill Lynch.
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.
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.
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.
G20 expected to reach agreement on bank bonusesSeptember 5th, 2009 LONDON - Finance ministers of the G-20 countries are expected to reach an agreement on bank bonuses, Britain's Sky News reported Saturday. The ministers were nearing an agreement under which banks would be forced to disclose the pay of their top earners, it reported.
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.
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.
Bank of America defends $33M Merrill Lynch bonus settlementAugust 24th, 2009 BofA defends Merrill bonus settlementCHARLOTTE, N.C. — Bank of America Corp.
ALL BUSINESS: SEC looks tough, but actions against individual misdeeds will prove thatAugust 7th, 2009 ALL BUSINESS: How tough is the SEC?NEW YORK —The government appears to be getting tough on corporate shenanigans, securing $83 million in fines last week from Bank of America and General Electric for misleading investors. Problem is, it's like a traffic cop ticketing a speeding car instead of its driver.
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 million SEC penalty for misleading investors about Merrill bonusesAugust 3rd, 2009 BofA agrees to $33M SEC fine over Merrill bonusesWASHINGTON — Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.
Bank of America pays $33 million penalty to settle SEC charges that it misled investorsAugust 3rd, 2009 BofA pays $33M SEC fine for misleading investorsWASHINGTON — Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its employees. In seeking approval to buy Merrill, Bank of America told its shareholders that Merrill agreed not to pay year-end bonuses without Bank of America's consent.
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