UK Mortgages rates and deals

April 23, 2009

BofA ‘threatened’ over Merrill deal

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 11:12 pm

Bank of America’s chief executive, Ken Lewis, only agreed to complete the acquisition of Merrill Lynch
this year after federal regulators threatened to replace him and his board if BofA balked on the deal, New York’s attorney-general said in a letter to federal officials

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