Andrew Cuomo news from FierceFinance
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Cuomo looks into Fidelity-Goldman Sachs link
Goldman Sachs has already agreed to buy back about $1.5 billion in auction rate securities held by customers and pay a $22.5 million fine. But the New York Attorney General is still looking into the Read more...
NY AG says Citi destroyed documents
At first glance, the news that the New York state attorney general is prepared to charge Citi with fraud regarding its auction rate securities practices is similar to Read more...
States gets aggressive on auction rates securities
States are getting busy when it comes to auction rate securities. Missouri raided the St. Louis office of Read more...
New York sues UBS over auction rate securities
UBS has once again found it the target of federal charges. This time, New York Attorney General Andrew Cuomo has charged the Swiss bank with illegally promoting auction rate securities as safe Read more...
Grasso wins! Former NYSE chief can keep money
Dick Grasso's career seemed to be ending on a very sour note: the State of New York was making him something of a poster boy for his gargantuan pay over the years. In an ugly battle, then New York Read more...
Grasso finally vanquishes Spitzer
Truth be told, former NYSE chairman Dick Grasso's battle against the former New York State Attorney General was looking better even before Eliot Spitzer imploded amid revelations that he used an Read more...
Charges in subprime mess coming?
Does this portend something big? The New York Times reports that credit ratings agencies are close to announcing a deal with New York Attorney General Andrew Cuomo that would revamp some of their Read more...