(Reuters) - Bank of America Corp's (BAC.N) chief executive and top federal officials will be asked by a Congressional panel to testify next month about claims that the bank was pressured by the government to complete its purchase of Merrill Lynch & Co, the Wall Street Journal reported on Wednesday, citing a person familiar with the investigation.
Investigators with the U.S. House Committee on Oversight and Government Reform spent the last week looking at documents and notes from telephone conversations involving Federal Reserve officials, the Journal reported the person as saying.
Their findings suggest "there's fire there," the newspaper quoted the source as saying.
The panel is chaired by New York Democrat Edolphus Towns, who could not be immediately reached for comment. A Bank of America spokesman declined to comment
Lawmakers on the House panel have not yet determined which U.S. officials will be called to testify under oath, the person familiar with the investigation told the Journal.
Top Treasury and Fed officials could be called to appear under oath, according to the Journal, citing the person familiar with the investigation.
The probe could touch a number of prominent government officials. In addition to former Treasury Secretary Henry Paulson, and Fed Chairman Ben Bernanke, top aides for each could also face scrutiny as part of the investigation, the newspaper said on its website.
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