STEPHEN BERNARD
AP Business Writer
New York – The New York Attorney General’s office said Thursday it is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
Civil charges were also being filed against Joe Price, the bank’s former chief financial officer. Price is now head of the bank’s consumer banking division.
At the same time New York Attorney General Andrew Cuomo’s office was filing its civil charges, the Securities and Exchange Commission also reached a settlement to resolve charges it brought against Bank of America over similar issues.