Watchlist Sponsored By :
- Plosser Sees Perils in Fed's Massive Rescue Efforts
- BOJ Upgrades View on Economy, Holds Rates Steady
- GMAC Receives $7.5 Billion More in Federal Aid
- AIG's Liddy Stepping Down as Chairman, CEO
- Gross: Sell-Off Driven By Fears US Could Lose AAA
- The World's Biggest Debtor Nations
- Cramer: Sell Obama’s Corporate Enemies List
- Don't Be A Big Loser, Get Correction Protection!
- US Economic Recovery May Be a Long, Slow Slog
- ARNOLD: We Will Not Tax, We Will Not Borrow
- Wall of Shame: Dow Chemicals Andrew Liveris
- Lightning Round: Wal-Mart, BlackRock, Corning and More
- Sell Block: Defending Northrop Grumman
- Cramer’s Favorite Natural Gas Stock
- Cramer: Sell Obama’s Corporate Enemies List
- Your First Move For Friday May 22nd
- Web Extra: What If U.S. Loses AAA Rating?
- Summer Stocks
Thain Says BofA Merrill Statements Not True: Report
Topics:Politics & Government | Stock Market | CEOs and CFOs | Management | Bonuses | Banking
Sectors:Financial Services | Banks
Companies:Merrill Lynch & Co Inc | Bank of America Corp
Text Size 
Bank of America made inaccurate statements about its role in the bonuses and losses at Merrill Lynch, former Merrill Lynch Chief Executive John Thain told the Wall Street Journal in an interview.
"The suggestion Bank of America was not heavily involved in this process, and that I alone made these decisions, is simply not true," John Thain told the paper.
Merrill awarded bonuses just days before Bank of America [BAC
Loading...
()
] completed its acquisition of the Wall Street investment bank and brokerage on Jan 1.
Several U.S. lawmakers are pushing for a probe into Bank of America's purchase of Merrill.
Copyright 2009 Reuters. Click for restrictions.
Print
Email
MORE FROM CNBC
TOPIC : CEOs and CFOs
Data is a real-time snapshot *Data is delayed at least 15 minutes