Andrew Cuomo has accused Bank of America, through its top management, of being “motivated by self-interest, greed, hubris” in its acquisition of Merrill Lynch, in a lawsuit filed against the firm and two ex-senior executives. Financial News highlights some extracts from the damning complaint in which the New York state attorney general does not mince his words.

Cuomo filed the lawsuit in the Supreme Court of the state of New York yesterday against Bank of America, former chief executive Ken Lewis and former chief financial officer Joseph Price, accusing them of fraud related to the acquisition.