Investment banking New York’s top regulator has accused Bank of America of interfering with an investigation into the payment of bonuses at Merrill Lynch in December, according to a court filing submitted late Friday.
In the filing, Andrew Cuomo, the New York attorney-general, said BofA was refusing to comply with a subpoena requiring the bank to provide him with a list of the Merrill employees who received multi-million-dollar bonuses in late December, at a time when “Merrill was teetering on the edge of insolvency”.
