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Thain says BofA Merrill statements not true: report
File photo of former Merrill Lynch Chief Executive Officer, John Thain, posing before a news conference in Mumbai May 7, 2008.
Credit: Reuters/Punit Paranjpe
(Reuters) - Bank of America Corp made inaccurate statements about its role in the bonuses and losses at Merrill Lynch & Co, former Merrill Lynch & Co Chief Executive John Thain told the Wall Street Journal in an interview.
"The suggestion Bank of America was not heavily involved in this process, and that I alone made these decisions, is simply not true," John Thain told the paper.
Merrill awarded bonuses just days before Bank of America completed its acquisition of the Wall Street investment bank and brokerage on Jan 1.
Several U.S. lawmakers are pushing for a probe into Bank of America's purchase of Merrill.
(Reporting by Jennifer Robin Raj in Bangalore; Editing by Hans Peters)
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