Economy

June 10, 2009

E-mails show U.S. pressured BofA to buy Merrill Lynch

Internal Bank of America documents and e-mails among federal banking regulators show that federal officials leaned on the bank to go ahead with the purchase of Merrill Lynch in December even after bank officials had second thoughts. The feds even threatened to remove Ken Lewis, BofA's CEO, if he failed to go through with the $50 billion deal.

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