Bloomberg – Bank of America Corp. Chief Executive Officer Kenneth Lewis faces more queries about his purchase of Merrill Lynch & Co. after a federal judge refused to approve a $33 million settlement of a lawsuit over bonuses.

The bank agreed on Aug. 3 to settle U.S. claims the bank misled investors while buying Merrill. Yesterday, U.S. District Judge Jed Rakoff in New York said the amount isn’t appropriate if the bank lied about billions of dollars in payments. Rakoff asked for more filings by Aug. 24 and said he won’t rule on the accord before Sept. 9.

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Reuters – Bank of America CEO Kenneth Lewis is facing a $35 billion headache this morning after financial regulators informed the bank that was the figure it need to find now to pass the so-called stress test for viable financial institutions, the Wall Street Journal and New York Times report.

BoA already has received $45 billion in capital from the federal government, some of it to cover the disastrous purchase of Merrill Lynch.

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