Dec3, 6:51PM: “4Q revenues need to be adjusted down by $3B.”

Here’s another development in the ongoing BofA-Merrill controversy: emails sent by BofA insiders indicate acknowledgement of growing Merrill losses prior to shareholder vote on December 5. A chart/timeline via WSJ:

merrill boa

BofA-Merrill Timeline, via WSJ

To the story, HERE. The more of this we know, the more fascinating it becomes.

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