ALBANY, N.Y. (AP) — Gov. David Paterson said Friday that the loss of tax revenue from just six Goldman Sachs’ executives will cost New York $178 million.
The executives complied with the urging of New York Attorney General Andrew Cuomo and others who said in November that major Wall Street companies benefiting from federal bailouts shouldn’t [...]
By Christine Harper
Nov. 6 (Bloomberg) — The most senior executives at Wall Street firms will have their bonuses slashed by as much as 70 percent, more than other employees, amid falling revenue and political pressure, according to a report by Johnson Associates.
The executives whose pay is disclosed in public filings will have the [...]
SAN FRANCISCO (MarketWatch) — American Insurance Group said late Wednesday it
has received a letter from New York Attorney General Andrew Cuomo’s office
regarding a probe into the company’s expenditure and said it will cooperate
fully. “On October 10, we issued a clear directive ending all activities that are
not essential to the conduct of our business. We will [...]
3rd UPDATE: Three Banks Agree To Buy Back Billions Of ARS
Last Update: 8/21/2008 8:18:38 PM
(Updates with SEC comment on settlement with Merrill Lynch in the works in
paragraphs 13 and 14, Goldman Sachs statement in paragraph 17, and Bank of
America declining to comment in paragraph 23.)
By Chad Bray
Of DOW JONES [...]
Auction-rate settlements leave investors hanging
By Sam Mamudi, MarketWatch
Last Update: 8/18/2008 10:20:00 AM
NEW YORK (MarketWatch) — Despite the recent rash of auction-rate securities
settlements between regulators and the Wall Street banks, investors shouldn’t
hold their breath waiting to be cashed out.
For all the excitement of the past week, the narrow terms of the agreements mean
that only investors who [...]
NEW YORK (MarketWatch) — New York Attorney General Andrew Cuomo on Thursday
filed a lawsuit against Swiss banking giant UBS , alleging that the firm deceived
investors in auction rate securities by telling clients the investments were cash
equivalents. He also claimed senior executives at the firm divested themselves of
$21 million of auction rate securities as the market [...]
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