Monday, July 4, 2011

..And Yet Another headache for BofA

Another headache from the financial crisis is flaring back up for Bank of America Corp.New York state Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from the Charlotte, N.C., bank's chief executive and other current and former executives, people familiar with the situation have told ther WAll St Journal

The subpoenas are a sign that Mr. Schneiderman, who became New York's top law-enforcement official this year, doesn't intend to drop the civil-fraud investigation of Bank of America begun more than a year ago under predecessor Andrew Cuomo…

Find out more at http://online.wsj.com/article/SB10001424052702303763404576420210182971714.html?mod=WSJ_article_forsub

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