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’Cuomo’s coruscating complaint
Who ever said legalese was dull?
The complaint filed by Andrew Cuomo is a ripsnorting romp through the sordid business of Repo 105.
The main allegations against E&Y are well known via Anton Valukas’s March 2010 report into Lehman’s bankruptcy,
Caption contest: Wink, and you’ll miss him (Cuomo, that is)
He’s set his sights on BofAML and the rating agencies. And now they’re set on you!
Felix Salmon points out there’s a lot of 
going on in this ad from Andrew Cuomo.
Come up with a caption for it below (competition details are here).
Cuomo ‘lacks financial acumen, hates banks’, Bove says
In case you were wondering just how much Dick Bove <3 banks and dislikes regulation, the following CNBC piece should make his feelings abundantly clear:
New York Attorney General Andrew Cuomo is the “father of the subprime crisis”
‘Half-baked justice at best’
So why accept it, you might ask?
Unlike the cheery countenance portrayed in his stock pic, Judge Jed Rakoff has been all scowls since the day he picked up the case of SEC v Bank of America Merrill Lynch.
SEC offers Judge Rakoff a Bronx cheer…
This is the second amended SEC complain in the ongoing rumpus over whether Bank of America adequately informed investors over the size of losses at soon-to-be-acquired Merrill Lynch, along with the fact that Merrill executives were about to trouser $5.8bn in bonuses.
Cuomo files antitrust lawsuit against Intel (UPDATED)
New York attorney general Andrew Cuomo filed a federal antitrust lawsuit against Intel on Wednesday. The suit comes after an investigation into the world’s largest chipmaker that started in January 2008.
BofA to hand over Merrill documents
Bank of America agreed to hand over documents detailing the legal advice it received during its purchase of Merrill Lynch, the WSJ said, citing people familiar with the situation. The reversal, which comes after months of resistance,
Four firms pay $4.5m to settle NY probe
Four investment firms agreed to pay $4.5m to settle an investigation by New York’s attorney general, Andrew Cuomo, into the state’s pension fund, reports the NYT. The money paid by the four firms – HM Capital,
Cuomo subpoenas BofA directors
Andrew Cuomo, New York attorney-general, has issued subpoenas to one current and four former board members of Bank of America to testify about BofA’s acquisition of Merrill Lynch. In a widening of his probe,
Court rejects SEC-BofA settlement
A US federal judge on Monday issued a sharp rebuke to the SEC by throwing out a $33m settlement between the regulator and Bank of America, calling the agreement “cynical” and setting the stage for a trial next year,
Gagged
Will AIG rein its Brash CEO?
That is the question posed by an article in the Wall Street Journal on Thursday, which unsurprisingly goes on to say yes and then helpfully outlines how it will might be done.
Shooting from the hip
Robert Benmosche has been talking to Reuters again – from his 12-bedroom holiday home in Croatia no less. And it seems he is quickly learning what you can and can’t do as head of a high profile company.
Carlyle to pay $20m after NY probe
Carlyle Group on Thursday agreed to pay $20m following a probe by Andrew Cuomo, New York attorney-general, into alleged corruption at the state’s biggest public pension fund. The firm also became the
Cuomogeddon
A question is ringing in our ears: is New York attorney general Andrew Cuomo surpassing Eliot Spitzer in vaulting ambition?
This morning:NEW YORK/WASHINGTON (Reuters) – New York state’s criminal probe of kickbacks paid by companies eager to manage its $122 billion state pension fund has exposed “a national network of actors”
Storm erupts over BofA’s Merrill deal
The circumstances surrounding Bank of America’s controversial takeover of Merrill Lynch on Thursday sparked an unprecedented public dispute involving the bank’s embattled CEO, Ken Lewis, and top officials past and present.
Cuomo confidential
In testimony leaked to the Wall Street Journal on Thursday, Bank of America chief Ken Lewis suggests that former US Treasury secretary Hank Paulson forced his hand on the Merrill deal.
Lewis had his doubts about the transaction,
Merkin ‘duped’ his investors, Cuomo claims
Andrew Cuomo, the New York attorney-general, on Monday filed civil fraud charges against the hedge fund manager Ezra Merkin, alleging he secretly channelled more than $2.4bn to Bernard Madoff’s Ponzi scheme in exchange for lucrative fees,
AIG subpoenaed on CDS contracts
AIG was subpoenaed on Thursday by New York’s attorney general Andrew Cuomo for information on its credit default swaps contracts, which Cuomo said were “at the heart of AIG’s meltdown”, reports Reuters.
Congress starts Merrill probe
House Democrats have begun an investigation into whether Merrill Lynch misled Congress about its plan to grant bonuses, reports Bloomberg. Edolphus Towns, chairman of the House committee on oversight and government reform,
Merrill ‘misled’ Congress: Cuomo
Merrill Lynch misled a congressional committee about the timing of its decision to accelerate the payment of 2008 bonuses to December, just days before it was acquired by Bank of America, the New York attorney-general claimed on Wednesday.
Merrill’s merry men
Last month, New York attorney general Andrew Cuomo scored a victory when a judge ruled former Merrill boss John Thain would have to name names in the Great Merrill Lynch bonus scandal.
Cuomo had, of course,
Cuomo hits Merrill bonuses
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.
Cuomo eyes return of Merrill bonuses
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 surprise $15bn Q4 net loss.
Cuomo subpoenas Thain in Merrill bonus investigation
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,
Merkin funds subpoenaed in Madoff case
Andrew Cuomo, the New York attorney-general, has issued subpoenas to three investment funds run by Ezra Merkin, former chairman of GMAC, General Motors’ financing arm, as part of a new probe related to the alleged $50bn fraud by Bernard Madoff.
Cuomo to Merrill: You cannot be serious
Andrew Cuomo, attorney general of the state of New York, has quite a way with words.
Witness his latest missive, addressed to the Merrill’s board of directors, “Re: Bonus Pools”.
Highlights, emphasis ours:
Weekend catch-up: CDS probe, SEC/Bear, Macquarie, NZ
In case you missed these FT stories:
NY launches investigation into CDS trades
Andrew Cuomo, the New York attorney-general, is investigating whether traders have been manipulating the largely unregulated credit insurance market as a way to push down the prices of stocks.
The ARS saga: Wider and wider….
There’s no stopping him: the office of New York attorney general Andrew Cuomo is now probing the relationship between Fidelity Investments and Goldman Sachs as part of its investigation into the sale of auction-rate securities,
Cuomo steps up ARS probe of banks
The office of New York attorney-general Andrew Cuomo is stepping up its probe into the selling of auction-rate securities, with investigations of Bank of America, Deutsche Bank and Goldman Sachs, reports the FT.