Andrew Cuomo

Hydraulic fracturing, or "fracking" as it's commonly known as, is one of the most controversial topics around, as some believe that it causes contamination in drinking water, which is why many states have banned it or have a partial ban on it. News came out earlier today that New York was...

New York Attorney General Andrew Cuoma (D) has defeated Republican challenger Carl Paladino to become the Empire State's next governor. Paladino was a political novice while Cuomo, whose father Mario was a three-term governor in New York, appears to have been groomed for this role. Cuomo, like...

Investigators and prosecutors have started focusing their attention on complicated repackaged debt known as collateralized debt obligations. Prosecutors and regulators appear to be on a new track now looking to see if the big banks that designed and sold all those toxic mortgage-linked securities...

Bank stocks came under pressure once again today after reports surfaced that regulators are investigating whether they misled ratings agencies about the safety of certain mortgage-backed securities. Reuters and The Associated Press both reported that the New York Attorney General Andrew Cuomo is...

The attorney general of New York, Andrew Cuomo, is investigating whether eight Wall Street banks misled ratings agencies to inflate the grades of certain mortgage securities. According to the New York Times, last night subpoenas were sent to eight banks viz. Citigroup (NYSE: C), Credit Agricole,...

Shares of Bank of New York Mellon Corp (NYSE: BK) are off 0.95% to $31.27 on news that Attorney General Cuomo will sue one of the bank’s units, Ivy Asset Management, on charges related to the Madoff Scandal. Put activity is rising in the name with puts running well above the daily average. The May...

According to the Wall Street Journal, a year after its controversial takeover of Merrill Lynch, Bank of America Corporation (NYSE: BAC) is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees. As...