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Bank Chief Tells of U.S. Pressure to Buy Merrill Lynch

Bank Chief Tells of U.S. Pressure to Buy Merrill Lynch
Brief Date: 
11th Jun 2009
Brief Author: 
By Louise Story and Jo Becker

Kenneth D. Lewis, the Bank of America chief, told a House panel that he was pressured by the government late last year to purchase Merrill Lynch.

Flanked by a coterie of lawyers and lobbyists, Kenneth D. Lewis, Bank of America’s embattled chief executive, walked into yet another Congressional hearing room on Thursday as the sole witness in a merger drama that has shadowed his banking empire for months.

Source: The New York Times Link Below

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