Congress calls for information about BofA-Merrill deal

09/21/2009 | Reuters · NYTimes.com

The U.S. House Committee on Oversight and Government Reform demanded information from Bank of America about its purchase of Merrill Lynch and warned that the bank cannot use attorney-client privilege as a reason to withhold information. Committee Chairman Edolphus Towns set a deadline of noon Eastern today for the bank to answer the committee's questions. Bank of America declined to comment on the matter, but the company reportedly asked for an extension until Tuesday, a move Towns declined.

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Reuters · NYTimes.com

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