Financial Regulatory Forum

Obama, New York law chief Cuomo target Wall Street bonuses

By Reuters Staff
January 11, 2010

By Caren Bohan and Jonathan Stempel

WASHINGTON/NEW YORK, Jan 11 (Reuters) – The White House and and New York’s top prosecutor attacked excessive Wall Street bonuses, as the nation’s biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.

New York Attorney General Cuomo seeks 2009 bonus data from Wall Street

By Reuters Staff
January 11, 2010

By Elinor Comlay and Jonathan Stempel

NEW YORK, Jan 11 (Reuters) – New York’s attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry’s role in the near-collapse of the financial system and recession.