New York AG Cuomo Seeks Information on Wall Street Bonuses (C, JPM, WFC)
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New York Attorney General Andrew Cuomo sent a letter to Citigroup (NYSE: C), JP Morgan (NYSE: JPM), Wells Fargo (NYSE: WFC) and others banks that received money from the TARP, asking for information on bonuses.
In the letter Cuomo said, "Obviously, we will have grave concerns if your expected bonus pool has increased in any way as a results of your receipt or expected receipt of taxpayer funds from TARP."
Other banks that received money from the TARP include, Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC)/Merrill Lynch (NYSE: MER), State Street (NYSE: STT), Bank of New York (NYSE: BK).
In the letter Cuomo said, "Obviously, we will have grave concerns if your expected bonus pool has increased in any way as a results of your receipt or expected receipt of taxpayer funds from TARP."
Other banks that received money from the TARP include, Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC)/Merrill Lynch (NYSE: MER), State Street (NYSE: STT), Bank of New York (NYSE: BK).
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