Ben Bernanke on Bank of America and Merrill Lynch
Federal Reserve Chair Ben Bernanke testified at a hearing on the merger of Bank of American and Merrill Lynch. Faced with contentious questi… read more
Federal Reserve Chair Ben Bernanke testified at a hearing on the merger of Bank of American and Merrill Lynch. Faced with contentious questioning he disputed accusations that he had pressured Bank of America to acquire Merrill Lynch by threatening to oust Bank of America’s CEO Kenneth Lewis or the bank’s board if either had abandoned the takeover after discovering spiraling losses at Merrill. close
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