Business

Former Bank of America Head Lewis Charged With Fraud

CNNMoney.com
NEW YORK -- New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America executives, including former company CEO Ken Lewis, for their role in the company's controversial purchase of Merrill Lynch. Separately, the Securities and Exchange Commission said it had struck a $150 million settlement agreement with BofA over its decision to pay billions of dollars in bonuses to former Merrill employees.
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Posted by Editor at February 8, 2010 04:02 AM