BofA chief: Govt forced through Merrill purchase
China Daily | Updated: 2009-06-11 08:09
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Bank of America Corp Chief Executive Officer Kenneth Lewis. Bloomberg News |
CHARLOTTE, North Carolina: Bank of America Corp Chief Executive Officer Kenneth Lewis said federal officials pushed him to complete the purchase of Merrill Lynch & Co after he became aware of "significant accelerating losses" at the New York-based brokerage.
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