Bank of America will give more documents to a congressional committee probing its fast-paced acquisition of struggling brokerage house Merrill Lynch, according to the Associated Press. The bank will provide the House Committee on Oversight and Government Reform all the documents it requested, except for those protected by attorney-client privilege, according to committee chairman Edolphus Towns. Towns said in a letter Friday that Bank of America was hiding behind attorney-client privilege, which Congress can refuse to recognize during its investigations. Bank of America spokesperson Scott Silvestri said that Towns will meet with a member of the bank’s executive management team.
BofA Hands Over Additional Merrill Lynch Documents to Congressional Committee
Bank of America will provide the House Committee with additional documents concerning its fast acquisition of troubled Merrill Lynch.
September 23, 2009