Ben Bernanke, Merrill Lynch | featured news

Bernanke defends Fed on bank deal

Bernanke defends Fed on bank deal

The head of the US Federal Reserve says it acted with "integrity" in Bank of America's takeover of Merrill Lynch.

 

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. -- a deal that later triggered a government bailout of BofA -- according to testimony by Kenneth Lewis, the bank's chief executive.

 

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