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oag.state.ny.us - 1/27/2009
STATEMENT FROM ATTORNEY GENERAL ANDREW CUOMO REGARDING NEW DEVELOPMENTS IN INVESTIGATION OF MERRILL LYNCH BONUSES AND BANK OF AMERICA
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CUOMO REGARDING NEW DEVELOPMENTS IN INVESTIGATION OF MERRILL LYNCH BONUSES AND BANK OF AMERICA"Today, as part of our ongoing inquiry into executive compensation issues at institutions who have received TARP funds, my Office issued subpoenas seeking the testimony of former Merrill Lynch CEO John ...
bloomberg.com - 1/23/2009
New York Attorney General Cuomo Said to Probe Merrill Bonuses
— bloomberg.com — Jan. 22 (Bloomberg) -- New York Attorney General Andrew Cuomo is investigating bonuses Merrill Lynch & Co.... paid to its executives just before the sale to Bank of America Corp., a person familiar with the probe said. There have been reports of what ... (more) New York Attorney General Cuomo Said to Probe Merrill ...

Comments vote down Macro Man found this 1/23/2009found this
nakedcapitalism.com - 1/23/2009
Thain Forced Out, NY Attorney General Cuomo Investigating Merrill Bonuses
— nakedcapitalism.com — Bank of America CEO Ken Lewis gave former Merrill chief John Thain an unceremonious heave-ho earlier today,... a mere month after the Merrill deal closed, after one too many nasty surprises: the deterioration of Merrill in the fourth quarter, the ... (more) Thain Forced Out, NY Attorney General Cuomo ...

Comments vote down EconomPic found this 1/23/2009found this
Cuomo May Ask Return of $4 Billion in Merrill Bonuses (Update1)
bloomberg.com - 1/30/2009
Cuomo May Ask Return of $4 Billion in Merrill Bonuses (Update1)
— bloomberg.com — Jan. 30 (Bloomberg) -- Andrew Cuomo , New York’s attorney general, may demand the return of $4... billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp. , a person familiar with the matter said. Cuomo also ... (more) Cuomo May Ask Return of $4 Billion in Merrill Bonuses ...

Comments vote down Trader Daily Combined Feed found this 1/30/2009found this

Blog Reactions

Dealbreaker:  Suspiciously Groundless Rumor Of The Day

Conglomerate:  The Merrill bonuses

Comments
Blog Reactions

Suspiciously Groundless Rumor Of The Day
Dealbreaker — ... The rumor we heard is that Merrill never actually took any TARP money. Paulson strong-armed them, made a lot of noise, but they never actually got a check. This would make a lot of the skewering they have been taking from the likes of Andrew Cuomo, false. ...

The Merrill bonuses
Conglomerate — ... NY Attorney General Andrew Cuomo has subpoenaed ex-Merrill chief John Thain and  Bank of America CAO J Steele Alphin over the bonuses Merrill paid late last December. Cuomo stated: "The fact that Merrill Lynch appears to have moved up the timetable to pay bonuses before its merger with Bank of America is troubling to say the least and warrants further investigation." ...

Related: cuomo merrill lynch, cuomo statement merrill
Cuomo subpoenas Thain in Merrill bonus investigation — FT Alphaville
Full statement below (H/T Joanna Chung) Today, as part of our ongoing inquiry into executive compensation issues at institutions who have received TARP funds, my Office issued subpoenas seeking the testimony of former Merrill Lynch CEO John Thain, as well as the testimony of Bank of America ...
Will Bank of America shareholders show CEO Kenneth Lewis the door? — BloggingStocks
A report today in the New York Post suggests that shareholders are anxious to oust Kenneth Lewis , CEO of Bank of America Corporation (NYSE: BAC ). The paper says that a group of angry investors, spearheaded by Jerry Finger, has compiled a list of demands to present at the bank's next annual ...
Will Bank of America shareholders show CEO Kenneth Lewis the door? — BloggingStocks
A report today in the New York Post suggests that shareholders are anxious to oust Kenneth Lewis , CEO of Bank of America Corporation (NYSE: BAC ). The paper says that a group of angry investors, spearheaded by Jerry Finger, has compiled a list of demands to present at the bank's next annual ...
Speaking of Bonuses, Cuomo Might Seek Return of Merrill Payouts — Trader Daily Combined Feed
Andrew Cuomo, New York’s attorney general, may demand the return of $4 billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp., a person familiar with the matter said. Cuomo also wants to know what Bank of America Chief Executive Officer ...
Cuomo May Seek Return of Early Merrill Bonuses, Report Says — DealBook
New York Attorney General Andrew M. Cuomo may demand the return of $4 billion in bonuses paid by Merrill Lynch just before it was acquired by Bank of America, Bloomberg News reported, citing a person familiar with the matter. Mr. Cuomo also wants to know what Bank of America Chief Executive ...
Cuomo eyes return of Merrill bonuses — FT Alphaville
New York Attorney General Andrew Cuomo may demand the return of $4bn in bonuses paid by Merrill Lynch just before it was acquired by Bank of America, reports Bloomberg. Cuomo is also trying to determine what BofA chief executive Ken Lewis knew about the accelerated bonuses and about Merrill’s ...
BofA Bonuses May Draw More Heat — DealBook
Bank of America's bonus saga continues. The bank is planning to hold paying bonuses to some of its investment banking staff, a move that may cause further tensions between BofA staff and their counterparts at Merrill Lynch, The Financial Times reported. Meanwhile, Andrew Cuomo, New York's ...
BofA bonus deferral anger — FT Alphaville
Bank of America is planning to defer bonus payments to investment banking staff this year – a move certain to inflame tensions between its employees and those of newly acquired Merrill Lynch. Andrew Cuomo, New York attorney-general, is investigating Merrill’s decision to accelerate the payment ...
Is John Thain being made the fall guy? — BloggingStocks
Well that didn't take long: Former Merrill Lynch CEO John Thain has received a subpoena from New York Attorney General Andrew Cuomo. The subpoena is part of an investigation into the billions of dollars in bonuses that Merrill paid last year just before it was taken over by Bank of America ...
Is John Thain being made the fall guy? — BloggingStocks
Well that didn't take long: Former Merrill Lynch CEO John Thain has received a subpoena from New York Attorney General Andrew Cuomo. The subpoena is part of an investigation into the billions of dollars in bonuses that Merrill paid last year just before it was taken over by Bank of America ...
The John and Andy Show Part Two — IEHI Feed: The Hedge Fund Implode-o-Meter
"You can just smell that Andrew Cuomo smells opportunity. The self-aggrandizing New York State Attorney General has just subpoenaed John Thain in regards to the Merrill Lynch bonus payout push-up. "
Cuomo Subpoenas Thain Over Merrill Bonuses — DealBook
Andrew Cuomo, New York's attorney general, said Tuesday that he has subpoenaed John A. Thain, the former Merrill Lynch chief executive, over bonuses paid out by the firm just before it was taken over by Bank of America. Mr. Cuomo also said that he has subpoenaed Bank of America's chief ...