Let’s dive into the world of breaking news here, as the New York Attorney General’s office has decided to mark the one-year anniversary of the financial meltdown by preparing charges against some Bank of America (NYSE: BAC) executives. Reportedly, the charges stem from the failure to disclose details about the company’s acquisition of Merrill Lynch.
The Attorney General (Andrew Cuomo) is likely to file charges against the executives because of their failure to alert shareholders to mounting losses and accelerated bonus payments at Merrill.
Read more from Blogging Stocks
