CHARLOTTE, N.C. -- Former Merrill Lynch & Co. Chief Executive John Thain defended on Monday the acquisition of the brokerage by Bank of America Corp., saying the bank knew of the company's losses and bonuses before the purchase closed.
By IEVA M. AUGSTUMS / THE ASSOCIATED PRESS, Seattle Post-Intelligencer: Business
Mon, 01/26/2009 - 8:46pm
CHARLOTTE, N.C. -- Former Merrill Lynch & Co. Chief Executive John Thain defended on Monday the acquisition of the brokerage by Bank of America Corp., saying the bank knew of the company's losses and bonuses before the purchase closed.