Money | Bank of America Cuomo Hits 5 BofA Directors With Subpoenas Bank's board may have hid Merrill losses from shareholders By Nick McMaster Posted Sep 16, 2009 1:50 PM CDT Copied FILE - In this Dec. 11, 2008 file photo, New York Attorney General Andrew Cuomo speaks during a presentation in Albany, N.Y. (AP Photo/Mike Groll, file) Andrew Cuomo subpoenaed five members of Bank of America’s board of directors today in his probe to uncover whether the bank was truthful to shareholders about losses at Merrill Lynch, the Wall Street Journal reports. The New York Attorney General suspects that the board was fully informed of the trouble Merrill was in before a Dec. 5 shareholder vote to approve the merger, but may have kept shareholders out of the loop. Read These Next Police pin blame for airport fiasco on Nancy Mace. President Trump begins campaign to turn the affordability narrative. Trump doesn't want Clarence Thomas or Samuel Alito to retire. California teens took to a football field to form a human hate symbol. Report an error