Congressional investigators say documents prove the Fed threatened to oust bank CEO

WASHINGTON — The Federal Reserve threatened to force the ouster of Bank of America CEO Kenneth Lewis if he didn’t follow through with plans to buy Merrill Lynch & Co., Republicans said Wednesday after reviewing internal documents.

Congress subpoenas Fed over Bank of America acquisition of Merrill Lynch

WASHINGTON — House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.’s acquisition of Merrill Lynch & Co.