NEW YORK, Feb. 20 (UPI) -- New York state officials served Bank of America Chief Executive Officer Ken Lewis with a subpoena to probe into the bank's bonus pay policy.
Bank of America purchased Merrill Lynch late last year and both banks have received billions in taxpayer assistance to weather the financial crisis. But New York Attorney General Andrew Cuomo has claimed the firms secretly handed out $3.6 billion in bonus pay to Merrill Lynch employees, CNN reported Friday.