Attorney General "severely disappointed" in BofA’s refusal to report bonuses

February 27, 2009 - 2:28am | Banks and internet banks | News |
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Attorney General "severely disappointed" in BofA’s refusal to report bonuses
Bank of America was subpoenaed by the New York Attorney General’s office. The financial institution was required to provide a list of managers who received bonuses and amounts of money they were granted.

As long as the BofA failed to provide the information on bonuses which made the attorney general to be "severely disappointed" the legal office served the bank with a subpoena to obtain the information.

As for Bank of America Chief Executive Ken Lewis, after he left New York Attorney General Andrew Cuomo's office he said: "I answered all the questions to the best of my knowledge." It is not clear if Lewis would be called again to appear before the attorney general.





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