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OFFON

MERRILL L IN 09/11

(SXC)
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MERRILL LYNCH & CO : Thain says BofA Merrill statements not true: report

04/27/2009 | 03:02am EDT
John Thain poses before a news conference in Mumbai

(Reuters) - Bank of America Corp made inaccurate statements about its role in the bonuses and losses at Merrill Lynch & Co, former Merrill Lynch & Co 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 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.

(Reporting by Jennifer Robin Raj in Bangalore; Editing by Hans Peters)


ę Reuters 2009
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -1.92% 47.04 Delayed Quote.55.20%
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