BoA’s Ken Lewis may face probe

CHARLOTTE | NEW YORK: Bank of America Corp CEO Kenneth D Lewis may face scrutiny by the US SEC for failing to disclose mounting losses at Merrill Lynch because of pressure from regulators to complete the takeover. ���We have been actively reviewing the disclosure surrounding the merger between BoA and Merrill,��� said spokesman John Nester.

Cuomo informed Congress that Lewis had testified that then- Treasury Secretary Henry Paulson may have threatened to remove the bank���s management and directors if the lender tried to back out of buying Merrill.