Attorney general Andrew M Cuomo has also sued BofA's former CFO Joseph L Price. "Bank of America's management intentionally failed to disclose massive losses at Merrill so that shareholders would vote to approve the merger.
Letsile Tebogo became the first African to win the men's Olympic 200 metres title on Thursday when he powered clear of American duo Kenny Bednarek and a COVID-hit Noah Lyles to claim Botswana's first Olympic gold medal.
Service Employees International Union said in a letter to the Obama administration's 'pay czar' Kenneth Feinberg that Ken Lewis and other executives at banks supported by taxpayer money should be prevented from receiving any retirement or severance package until the banks commit to stop foreclosures.
'There is a part of me that says it is a great time to tell stories from my own land.' 'But then opportunities are coming my way from all over the world.' 'So one foot is here and one foot is in the West.'
Attributing to a person familiar with the situation, The Wall Street Journal said that Bank of America's directors plan this week to settle on an emergency CEO pick, in case legal turmoil forces Lewis to step down before year-end.
Here is a recap of all the big events that shaped the world last week.
Earlier this year, Toyota Motor Corp was fined $1.2 billion for concealing problems related to sudden acceleration of some of its vehicles.
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