New York Attorney General Probing Bank of America Accord, Seeks Client Data

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New York Attorney General Probing Bank of America Accord, Seeks Client Data

New York Attorney General Probing Bank of America Accord, Seeks Client Data

“Leaders do what needs to be done, when it needs to be done, whether they want to or not, without being asked”

Bloomberg

Bank of America Corp. (BAC)’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies.

Schneiderman’s office sent letters dated July 7 to the companies, including Goldman Sachs Group Inc. (GS), BlackRock Inc. (BLK) and TCW Group Inc., regarding their participation in Bank of America’s proposed deal. He is asking for the information by tomorrow.

The information was requested in connection with an investigation by the office “into certain matters related to securitization of residential mortgages,” according to the letters.

[BLOOMBERG]

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One Response to “New York Attorney General Probing Bank of America Accord, Seeks Client Data”

  1. Rosetta says:

    Welcome Back!!! I really missed you

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