BUSINESS
05/30/2009 05:12 am ET | Updated May 25, 2011

Lewis: Bank of America's Merrill Deal Had To Be Completed Amid Crisis

Bank of America Corp. Chief Executive Officer Kenneth Lewis said shareholders weren't told about losses at Merrill Lynch & Co. because aborting the deal might have destabilized the financial system, and the decision was "not about selfish desire" to keep management jobs.

Read more on Bloomberg