Andrew Cuomo

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New Probe: Did Banks Dupe Credit Raters?

New York AG Andrew Cuomo investigates 8 big banks

(Newser) - More bad news for bankers: New York's attorney general, Andrew Cuomo, is investigating whether banks deliberately misled rating agencies ahead of the housing market collapse. So far, authorities have focused on dealings between banks and clients who purchased mortgage-backed securities, notes the New York Times . Cuomo's crusade broadens the scope...

Bloomberg Hires Rattner to Manage Money

Pariah/ex-car czar is under investigation in pay-to-play case

(Newser) - Steven Rattner doesn't have a ton of friends these days, but Michael Bloomberg is apparently one of them. New York's mayor has hired Rattner to manage his fortune and his philanthropic foundation, sources tell the New York Times , despite the kickback accusations swirling around him. Rattner, who briefly served as...

Paterson Out, Spotlight Turns to Cuomo

But AG says he's not ready to commit to seemingly inevitable run

(Newser) - As David Paterson officially deep-sixed his non-existent chances of a second term in New York yesterday, all eyes swung around to Andrew Cuomo. But the state's AG and former gubernatorial candidate was cagey, issuing a statement calling for Albany's continued function "through this difficult time" and noting that "...

David Paterson Won't Run for Re-Election

But New York governor will not resign over allegations

(Newser) - David Paterson is dropping his bid for re-election as governor of New York after revelations of his and his administration’s conduct surrounding an aide's domestic violence case , an insider tells the New York Daily News . The governor, who still plans to serve out his term, is expected to announce...

Paterson: I'm Blind, But 'Not a Dope'

 Paterson: I'm  
 Blind, But  
 'Not a Dope' 
sees plot against him
Feb 10, 2010 11:36 AM CST

Paterson: I'm Blind, But 'Not a Dope'

But they won't succeed, he tells Imus; 'I'm black, I'm blind, and still alive'

(Newser) - Beleaguered New York Gov. David Paterson lashed out today at a mysteriously “well-orchestrated” conspiracy to run him out of office, but maintained that he wasn’t going anywhere. “I’m black, I’m blind, and still alive,” he told Don Imus on his radio program. A New ...

Cuomo Files Civil Charges Against Ken Lewis, BofA

New York AG says bank misled investors on Merrill Lynch

(Newser) - New York Attorney General Andrew Cuomo is filing civil charges against Bank of America and former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008. Civil charges also were being filed against Joe Price, the bank's former chief...

NY Boots Sex Offenders Off Facebook, MySpace

Thousands of accounts disabled in social networking sweep

(Newser) - Thousands of sex offenders in New York have had their Facebook and MySpace accounts disabled in the first big sweep under a state law targeting online predators. Some 3,500 registered offenders have been kicked off the sites in recent weeks, sources tell the New York Daily News. Their names...

Giuliani Plans Run for US Senate
Giuliani Plans Run for US Senate
Nov 19, 2009 2:56 PM CST

Giuliani Plans Run for US Senate

He's also got his eye on a 2012 presidential bid, say insiders

(Newser) - Rudy Giuliani will run for US Senate next year as a possible steppingstone to a presidential bid in 2012, sources tell the New York Daily News. Giuliani plans to challenge Kirsten Gillibrand for the remaining two years of Hillary Clinton’s term. He had been expected to run for governor...

Cuomo Slaps Intel With Antitrust Suit

Says chipmaker paid kickbacks, strongarmed manufacturers

(Newser) - New York Attorney General Andrew Cuomo filed an antitrust suit against Intel today, accusing it of “a worldwide, systematic campaign of illegal conduct.” Cuomo says Intel paid computer manufacturers billions in kickbacks provided they didn’t produce computers with rival chips. The money was disguised as “rebates,...

Paterson to Detractors: I'm Running

New York governor resists White House pressure

(Newser) - Gov. David Paterson isn't scrapping his plans to run for the office he inherited 18 months ago, despite growing pressure from Washington and intervention by the Rev. Al Sharpton, who has contacted the governor and the White House over his concern. "My plans for 2010 are to run for...

Prez to Paterson: Get Out of NY Gov Race

Obama fears Dem's unpopularity could hand race to GOP

(Newser) - President Obama has told New York Gov. David Paterson not to run in next year's gubernatorial election, reports the New York Times. Obama's fear is that the unpopular Democrat could give otherwise listless Republicans incentive to storm the polls, sources say. That would be doubly true if former New York...

Cuomo Hits 5 BofA Directors With Subpoenas

Bank's board may have hid Merrill losses from shareholders

(Newser) - Andrew Cuomo subpoenaed five members of Bank of America’s board of directors today in his probe to uncover whether the bank was truthful to shareholders about losses at Merrill Lynch, the Wall Street Journal reports. The New York Attorney General suspects that the board was fully informed of the...

What Bailout? AIG CEO Prefers Making Wine

Under fire for blunt talk, Benmosche pursues real passion: grapes

(Newser) - New AIG chief Robert Benmosche has garnered reams of bad coverage since taking over the train-wreck insurer—and nearly a month into the job, he's still at his holiday villa in Croatia. Reuters visited Benmosche at his coastal idyll and finds his true passion to be not finance but the...

FDIC Chief Seeks Limits on 'Eye-Popping' Banker Pay

(Newser) - The big banks should rein in the "eye-popping" salaries they pay top execs and shift to a more principles-based rewards system, FDIC chief Sheila Bair tells Bloomberg. Bair, along with House Democrats and New York's attorney general, says if the banks don't change their ways, regulators should set...

TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

(Newser) - The financial crisis and government bailouts did little to change Wall Street’s executive compensation habits, New York's attorney general says. All nine banks given assistance by TARP paid out bonuses in 2008—well before any paid back government loans, according to a survey ordered by Andrew Cuomo. Goldman Sachs,...

NY AG Slaps Schwab With Suit Over Defrauding Clients

(Newser) - The New York attorney general has told Charles Schwab he will sue the brokerage for civil fraud over its marketing of securities to clients, reports the Wall Street Journal. Andrew Cuomo alleges that Schwab's brokers had little understanding of the financial instruments and then failed to inform clients that the...

Rattner May Have Quit Over Pay-to-Play Settlement

New York AG targets ex-car czar's company

(Newser) - Washington is dying to know why Steven Rattner quit after just months as President Obama’s car czar. One possible reason: New York Attorney General Andrew Cuomo is pushing for a legal settlement with his company for its part in a pay-to-play scandal surrounding the state’s pension fund, sources...

Giuliani 'Thinking About' 2010 Run for NY Gov

(Newser) - Rudy Giuliani today got one step closer to maybe announcing a run for New York governor in 2010, the Daily News reports. The former NYC mayor and Republican presidential candidate explained his position to CNN. “I’m thinking about it,” he said. “I don’t know if...

Madoff Money Man Steps Down
 Madoff Money Man Steps Down 
May 19, 2009 10:45 AM CDT

Madoff Money Man Steps Down

Cuomo pushes Merkin out

(Newser) - Thanks to some strong arming from Andrew Cuomo, financier J. Ezra Merkin is stepping down as manager of his hedge fund and placing it into receivership, the Wall Street Journal reports. Cuomo charged Merkin in a civil fraud complaint last month, saying he “betrayed hundreds of investors,” by...

Carlyle to Pay $20M to Settle Pension Probe

Private equity firm adopts ethics rules to end Cuomo inquiry

(Newser) - The Carlyle Group will pay a $20 million settlement and adopt strict new ethics rules to appease New York Attorney General Andrew Cuomo, the Wall Street Journal reports. Cuomo had threatened to bring charges against the group or its employees as part of his pay-to-play probe into New York’s...

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