E-Mails Show Fed Pressure on Bank of America

DealBook: Live-Blogging Ben Bernanke on Capitol Hill
The Federal Reserve’s chairman is testifying on Thursday about Bank of America’s acquisition of Merrill Lynch.

BofA’s CEO: Fed pressured bank to buy Merrill
Bank of America’s Chief Executive Officer Kenneth Lewis said Thursday his bank decided to buy Merrill Lynch partly because it was pressured to do so by the Federal Reserve.

CEO says gov't pressured bank to buy Merrill Lynch
Bank of America Chief Executive Officer Kenneth Lewis says his bank decided to buy Merrill Lynch partly because it was pressured to do so by the Federal Reserve.

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