Paper says FBI looking at Bank of America
CHARLOTTE, N.C. - The FBI and Department of Justice are conducting a criminal probe into Bank of America Corp.’s purchase of Merrill Lynch last year, the Charlotte Observer reported yesterday.
The investigation has been under way for six months, the newspaper reported.
A Bank of America spokesman declined to confirm whether the FBI or Justice Department were investigating. Spokesmen for the FBI and Justice Department neither confirmed nor denied that a probe was underway.
“We have provided thousands of documents and had numerous meetings with various government agencies regarding the Merrill Lynch transaction,’’ Bank of America spokesman Scott Silvestri said.
“And we continue to believe that there is no basis for charges against the company or individuals on the management team.’’
Jennifer Canada, a spokeswoman for North Carolina Attorney General Roy Cooper, said the state still has an ongoing investigation into Bank of American but that she wasn’t aware of any other probes.