NEW YORK (AP) - New York’s attorney general expects to receive tonight the names of Merrill Lynch employees who got millions in bonuses before Bank of America Corp. bought the brokerage.
“We expect them this evening,” said Alex Detrick, spokesman for New York Attorney General Andrew Cuomo.
Cuomo is investigating whether Bank of America and Merrill failed to provide proper disclosures to shareholders about the bonuses, which came just as Bank of America requested more federal aid to help it absorb losses linked to the investment bank.
Bank of America spokesman Scott Silvestri also said he expects the details of the Merrill bonuses will be delivered to Cuomo’s office tonight.
“We are providing the information in keeping with the court order,” he said. On Wednesday, a New York state judge had ordered Bank of America to disclose information about the Merrill bonuses.
Earlier Thursday, Cuomo’s office also received a list of American International Group Inc. employees who received a total of $165 million in retention bonuses.