E-mails delve into what BofA knew about Merrill and when

08/6/2009 | Wall Street Journal, The

Two days before Bank of America's shareholders voted to approve the takeover of Merrill Lynch, the latter's loss projections increased by almost $2 billion. Bank of America executives concluded that the losses did not need to be publicly disclosed because they were not severe enough, according to internal e-mails and sources.

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