BoA settles for $150m over Merrill bonuses

David Benyon
01 Mar 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Charlotte, NC – Bank of America (BoA) has agreed to pay a $150 million settlement to the Securities and Exchange Commission (SEC) to end the regulator’s legal challenge over its failure to disclose to investors bonuses due to be paid out by Merrill Lynch before BoA shareholders voted on closing the merger between the two banks in December 2008.

Having squeezed a settlement out of the Charlotte, NC-based bank, the SEC has extended its hold to include some strict governance requirements –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]