Cuomo Tells Big Banks - He is Watching
New York Secretary of State Andrew Cuomo is going
after the big banks that originally signed on - although
not all were initially willing - to the Treasury Departments plan to
infuse funds into financial institutions in return for preferred stock
and common stock warrants. The subject? Executive compensation.
On Wednesday Cuomo sent a letter to nine banks including Bank of
America, Bank of New York Mellon, Citigroup, State Street Bank, and Wells
Fargo requesting …
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Published in Mortgage News, October 30th, 2008
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