NY AG Cuomo subpoenas former Merrill Lynch CEO John Thain and Bank of America (BAC) CAO J....

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

NY AG Cuomo subpoenas former Merrill Lynch CEO John Thain and Bank of America (BAC) CAO J. Steele Alphin regarding billions of dollars in bonuses paid by Merrill just days before takeover. "That Merrill Lynch appears to have moved up the timetable to pay bonuses before its merger with Bank of America is troubling to say the least."