New York Attorney General Andrew Cuomo has started an inquiry into bonus plans and lending volumes at some of the largest banks that received federal Troubled Asset Relief Program funds in 2008, his office said Monday.
Cuomo sent letters to Bank of America Merrill Lynch, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo asking for detailed information on bonuses and the volume of lending over the past three years, according to the attorney general's office.
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