Tag Archive for Investment Firm

Bank of America Withheld Loss Figures Ahead of Merrill Vote – NYTimes.com

Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at the investment firm would most likely hammer the combined companies’ earnings in the years to come. But shareholders were not told about the looming losses… leaving them instead to…