Bank of America Corp, the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.

Separately, the Charlotte, North Carolina-based bank said Countrywide Financial Corp, the mortgage lending giant it bought last month, has responded to subpoenas from the U.S. Securities and Exchange Commission and faces a formal investigation by that agency.

In addition, Bank of America said it received subpoenas, interrogatories or civil investigative demands from a number of state attorneys general regarding municipal derivatives transactions from 1992 to the present.


kindandgentlejd at 00:15 2008-08-08 said:
I said it before... there is not enough money on the planet to deal with the problems that lie ahead... Permalink

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