Despite a noon Monday deadline imposed by a House committee to make certain disclosures, Bank of America did not provide the information sought by a congressional probe into its Merrill Lynch deal. TheStreet.com reports that BofA will meet with committee chairman Rep. Edolphus Towns on Tuesday to address the issue.
Towns’ committee demanded that BofA disclose all relevant information about its discovery of Merrill’s mounting losses, its receipt of government funds to plug those balance-sheet holes and the reasons why BofA did not inform shareholders of such developments immediately.
Investigations into the matter now reportedly include the SEC, the New York Attorney General, the DOJ, the FBI and Congress.
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[...] previously discussed here, Towns’ committee recently demanded that BofA disclose all relevant information about its [...]