Today is Monday, 18th November 2024

NY: AG Subpoenas Wall Street Firms

New York state prosecutors have sent subpoenas to Wall Street firms seeking information related to the packaging and selling of debt tied to high-risk mortgages, a person familiar with the matter said.

The subpoenas, sent by the office of New York Attorney General Andrew Cuomo, requested information from a host of Wall Street firms, including Merrill Lynch & Co, Bear Stearns Cos and Deutsche Bank AG, The Wall Street Journal reported, citing unnamed sources.

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