Next month, the House Committee on Oversight and Government Reform will hear testimony from Bank of America CEO Kenneth Lewis and federal officials about the bank's acquisition of Merrill Lynch, a source said. The hearing stems from an investigation into Federal Reserve documents and previous testimony by Lewis. In February, he told New York Attorney General Andrew Cuomo that Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry Paulson had pressured him to complete the takeover of Merrill.

Related Summaries