2 years, 10 months ago
Was it ethical for BoA to fail to disclose publicly Merrill Lynch financial difficulties?
What ethical rules apply during a crisis?
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M$1 Answer
it was Merrill's obligation to disclose anything prior to the close of the merger...as far as ethics, I mean whatever, it's finance
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M$
BoA will pay $33 million in fees for failing to disclose Merrill Lynch weak financial. After the merger, Merrill Lynch reported a loss of $27 billion.