Bank of America Ex-general counsel says he had no role in controversial Merrill bonuses ,reported by chartpoppers.com
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(CHARTPOPPERS.COM, November 17, 2009 ) www.chartpoppers.com has just released its Consolidated Investment Analysis for Bank of America Corporation (NYSE: BAC)
The Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)will be in particular interest to other companys in the Financial sector, such as Citigroup Inc (NYSE: C), JP Morgan Chase (NYSE: JPM) and HSBC Holdings plc . (NYSE: HBC)
Bank of America Corporation (NYSE: BAC) , a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services
Recent News on Bank Of America Corp.
The former top attorney of Bank of America Corp. will testify to Congress Tuesday that he wasn't involved in crafting the bank's agreement to let Merrill Lynch pay billions of dollars in bonuses to its employees, before being abruptly fired last December on the CEO's orders.
Timothy Mayopoulos, who was general counsel at the second-largest U.S. bank until December 2008, also says he played no role in deciding whether to disclose the bonuses to Bank of America shareholders. Mayopoulos is scheduled to testify before Congress for the first time on Tuesday as a House oversight panel examines the $45 billion federal bailout of Charlotte, N.C.-based Bank of America and its shotgun acquisition of Merrill last year at the height of the financial crisis.
"To my recollection, I had no role in this issue," Mayopoulos says of the bonuses in written testimony prepared for the hearing. "That was done by others."
The House Oversight and Government Reform Committee has been investigating the government's role in pushing the hastily arranged takeover of Merrill, the tumultuous events surrounding the deal and the payment of the bonuses to Merrill employees.
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
The Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)will be in particular interest to other companys in the Financial sector, such as Citigroup Inc (NYSE: C), JP Morgan Chase (NYSE: JPM) and HSBC Holdings plc . (NYSE: HBC)
Bank of America Corporation (NYSE: BAC) , a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services
Recent News on Bank Of America Corp.
The former top attorney of Bank of America Corp. will testify to Congress Tuesday that he wasn't involved in crafting the bank's agreement to let Merrill Lynch pay billions of dollars in bonuses to its employees, before being abruptly fired last December on the CEO's orders.
Timothy Mayopoulos, who was general counsel at the second-largest U.S. bank until December 2008, also says he played no role in deciding whether to disclose the bonuses to Bank of America shareholders. Mayopoulos is scheduled to testify before Congress for the first time on Tuesday as a House oversight panel examines the $45 billion federal bailout of Charlotte, N.C.-based Bank of America and its shotgun acquisition of Merrill last year at the height of the financial crisis.
"To my recollection, I had no role in this issue," Mayopoulos says of the bonuses in written testimony prepared for the hearing. "That was done by others."
The House Oversight and Government Reform Committee has been investigating the government's role in pushing the hastily arranged takeover of Merrill, the tumultuous events surrounding the deal and the payment of the bonuses to Merrill employees.
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
