Sorry!! The article you are trying to read is not available now.

FBI Looking into BofA-Merrill Deal

Print comment Post Comments
One year later, and no perp walks. Will executives behind the Bank of America-Merrill Lynch deal be among the first? A source tells the Charlotte Observer that the FBI in Charlotte and the U.S. Justice Department are among the multitude of agencies investigating the deal. Civil charges are expected from New York attorney general Andrew Cuomo. The North Carolina attorney general wants in on the action, too. It "requested information from Bank of America about Merrill bonuses and its receipt of extra government assistance to complete the Merrill deal. In addition to bonuses, the investigation is beginning to look at how losses were calculated at Merrill in late 2008, according to a person familiar with the investigation."