DuPont Chairman Charles Holliday is expected to join Bank of America’s board, reports Reuters. The board will be briefed on options if the bank’s CEO Kenneth Lewis is charged with civil fraud. Last week, Attorney General Andrew Cuomo subpoenaed five current or former Bank of America directors to learn whether they knew about Merrill Lynch’s problems as the companies prepared to merge. BofA is not surprised by Cuomo’s allegations.
DuPont’s Holliday Joins BofA’s Board
Charles Holliday, chairman of DuPont, is expected to join Bank of America’s board.
September 21, 2009