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Regulators Accuse BoA of Hiding Merrill Losses

HeadlineJan 13, 2010

Federal regulators, meanwhile, have sued Bank of America for allegedly hiding billions of dollars in losses at Merrill Lynch before acquiring the firm in December 2008. The suit follows a separate case over Bank of America’s alleged failure to disclose billions in bonuses at Merrill Lynch paid out after the acquisition. That case is set to go to trial later this year.

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