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Thursday, 18 September 2014

BofA keeps stacking up the Ken Lewis bookends

And there’s more…

The bank is paying $2.4 bln to settle a lawsuit that it misled shareholders in the 2008 takeover of Merrill Lynch. It’s by no means the biggest cost of the ex-CEO’s disastrous takeover binge. But it’s still painful. And successor Brian Moynihan still has more tabs to pick up.



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