Bernanke, Paulson forced Merill deal: BoA chief

Ben Bernanke, the chairman of the Federal Reserve, and Hank Paulson, a former US treasury secretary, have been accused of pressurising Bank of America to go ahead with their takeover of investment bank Merrill Lynch after they attempted to back out of the deal.

Andrew Cuomo, the attorney general of New York State said in a letter dated Thursday addressed to lawmakers and regulators that Ken Lewis, the chief executive officer of Bank of America, had attempted to rescind the acquisition of Merr

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: