WASHINGTON, Jan 14 (Reuters) - A U.S. Treasury spokeswoman declined to comment on a report late on Wednesday that Bank of America was close to getting billions of more dollars in U.S. government aid to help it digest its acquisition of Merrill Lynch.
The Wall Street Journal, citing unnamed people familiar with the situation, said Bank of America told the Treasury that it might not be able to complete its purchase of the ailing firm because of Merrill's larger-than-expected fourth-quarter losses.
The terms were still being finalized, and details were expected to be announced with Bank of America's fourth-quarter earnings, due out on Jan. 20, the Journal said on its website (http://www.wsj.com).
(Reporting by David Lawder) Keywords: FINANCIAL/BAILOUT BOFA (david.lawder@thomsonreuters.com; +1-202-898-8395; Reuters Messaging: david.lawder.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Wall Street Journal, citing unnamed people familiar with the situation, said Bank of America told the Treasury that it might not be able to complete its purchase of the ailing firm because of Merrill's larger-than-expected fourth-quarter losses.
The terms were still being finalized, and details were expected to be announced with Bank of America's fourth-quarter earnings, due out on Jan. 20, the Journal said on its website (http://www.wsj.com).
(Reporting by David Lawder) Keywords: FINANCIAL/BAILOUT BOFA (david.lawder@thomsonreuters.com; +1-202-898-8395; Reuters Messaging: david.lawder.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.