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Wednesday 10 June 2009 8:00 pm  |  Updated:  Friday 31 May 2019 12:20 pm

FED EMAILS CRITICISE BoA’s LEWIS

By: admindrupal

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BANK of America boss Ken Lewis was criticised by Federal Reserve officials in emails to each other as he tried to back out of plans to buy failing peer Merrill Lynch in December, documents have revealed. Fed boss Ben Bernanke said Lewis’ threats to drop the deal were a “bargaining chip” while others said Lewis’ position was “somewhat suspect”.

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