Cuomo Tells Big Banks - He is Watching
October 30, 2008 – 8:32 amNew 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 …