Reuters – The Federal Reserve sought to hide its involvement in Bank of America Corp‘s (BAC.N) acquisition of Merrill Lynch as Merrill’s financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.

The Fed "engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," Representative Darrell Issa said in a statement released to Reuters.

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Boston Globe  – TODAY
American International Group releases third-quarter results. The insurance giant is expected to post a loss of 90 cents a share, compared with a $1.35-a-share profit last year.

Starbucks Corp. releases fourth-quarter financial results and is expected to earn 13 cents a share, down from 31 cents last year.

TOMORROW
TJX Cos. reports third-quarter results. Last year, the Framingham retailer posted net income of 54 cents a share.

WEDNESDAY
The House Financial Services Committee holds a hearing on mortgages.

Macy’s Inc. is expected to report a third-quarter loss of 19 cents a share, compared with year-ago net income of 10 cents a share.

THURSDAY
The House Oversight and Government Reform Committee holds a hearing on regulation of hedge funds.

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Tags: bad-credit, dialogue, equity-company, fdic, globe-russia, government-reform-committee, june-14, mortgage-backed-assets, mortgage-fund, nancy-pelosi, new-yorker, previous-year, regulators, white-house-spokesman