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 Multiple people are dead or missing after an explosion in Tennessee. Trump administration begins federal layoffs amid shutdown. White House isn't happy about the pick for the Nobel Peace Prize. Peter Thiel thinks the Antichrist is 'someone like Greta.' Report an error