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Latest Merrill Lynch Items
Bank of America's former chief financial officer has reached a $7.5 million deal to settle allegations he helped mislead investors about the impact of a 2008 merger with Merrill Lynch.
Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis.
Bank of America Corp., the nation's largest bank, said Friday that it plans to cut 3,500 jobs by the end of September.
Why are many of the big Wall Street banks imposing a freeze on foreclosures when the average number of days to foreclose on a property, according to Lender Processing Services, is at an all-time high of 478 days?
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.