Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, October 29, 2008

NYAG Cuomo Seeks Information from Banks on Bonus Pools

New York Attorney General Andrew Cuomo sent letters to the nine banks receiving federal funds seeking detailed information regarding bonus pool allocations.  The Boards are also asked to explain what mechanisms they have put in place to protect taxpayer funds.  Here is the letter sent to Citigroup. The banks are: 
Bank of America,
Bank of New York Mellon,
Citigroup,
Goldman Sachs,
J.P. Morgan Chase,
Merrill Lynch,
Morgan Stanley,
State Street, and
Wells Fargo

http://lawprofessors.typepad.com/securities/2008/10/nyag-cuomo-seek.html

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