Documents Show B of A Debated Aid

November 2009
American Banker;11/17/2009, Vol. 174 Issue 207, p16
Trade Publication
This article presents information about documents that support the theory that Bank of America Corp. (B of A) used the threat of abandoning its agreement to buy Merrill Lynch & Co., Inc. to get more government funds. The documents are handwritten notes from a meeting between B of A and its legal counsel the day before B of A's chief executive Kenneth Lewis contacted U.S. Secretary of the Treasury Henry Paulson advising him the bank was considering invoking a material adverse change clause.


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