Banks in US still under fire

Bank of America, Ken Lewis and Joe Price face a law suit related to the Merrill Lynch merger, while Goldman Sachs pays each of its head honchos a $9 million bonus for 2009.

The past weekend has been an interesting one for Wall Street and a stark reminder that, even though the financial markets in Asia, and the banking sector in particular, are buoyant, the subprime-sparked financial crisis is still haunting the US. The circumstances surrounding Bank of America's takeover of Merrill Lynch were once again in the spotlight as the office of attorney general Andrew Cuomo filed a law suit against Bank of America and its management, while Goldman Sachs sought...

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