Bernanke: No pressure on BofA/Merrill deal

Fed Chairman Bernanke told Congress today the Fed did not threaten action against the Bank of America if last fall’s negotiations leading to BofA’s take over of Merrill Lynch had failed.  This amid reports the Fed kept other regulators out of the loop during the merger talks and that regulators secretly tightened their grip on the bank after the government’s bailout of BofA.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, can discuss the big picture.

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

Post a Comment

Your email address is never shared. Required fields are marked *