Nearly 700 Merrill Lynch executives had cash bonuses of more than $1m each for last year, New York’s attorney-general disclosed Wednesday. Andrew Cuomo said Merrill’s decision to bring forward nearly $4bn of pay-outs raised “serious and disturbing questions” and detailed some findings of his investigation into the payouts in a letter to the House financial services committee on Wednesday. Read Cuomo’s letter here.

This entry was posted by Gwen Robinson on Thursday, February 12th, 2009 at 4:51 and is filed under Capital markets, People. Tagged with andrew cuomo, merrill lynch. Edit this entry.