In the letter, Cuomo demands detailed information regarding bonus pool allocations from the Boards of Directors of the nine banks. The Boards are also asked to explain what mechanisms they have put in place to protect taxpayer funds.
- A LETTER THAT WAS SENT TODAY TO THE FOLLOWING BANKS:
- Bank of America,
- Bank of New York Mellon,
- Citigroup,
- Goldman Sachs,
- J.P. Morgan Chase,
- Merrill Lynch,
- Morgan Stanley,
- State Street, and
- Wells Fargo