Bank Of America Merrill Investigation Goes Criminal!

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As if the SEC and various state attorneys general weren’t causing enough of a headache at Bank of America (BAC), the FBI and DOJ are on the case too.

Charlotte Observer: The FBI in Charlotte and the U.S. Justice Department are among the multitude of agencies investigating Bank of America Corp.’s acquisition of Merrill Lynch & Co., a knowledgeable source told the Observer.

The criminal investigation has been underway for about six months, the source said. The probe means an additional layer of scrutiny for the Charlotte-based bank, which bought Merrill on Jan. 1.

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