New York’s attorney-general issued subpoenas Wednesday night to seven executives from Merrill Lynch, each of whom received a bonus of more than $10m for 2008, calling on them to give depositions concerning those payments.Prosecutors from the office of Andrew Cuomo have been investigating the early payment of $3.6bn in cash bonuses at Merrill Lynch since late January, when they were first disclosed by the Financial Times...
Read more Seven Merrill executives face bonus probe
Source: www.ft.com
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