The New York attorney general has launched a probe against eight banks, including Citigroup, to determine whether they provided misleading information to rating agencies for inflating the grades of certain mortgage securities
Attorney general Andrew M Cuomo has also sued BofA's former CFO Joseph L Price. "Bank of America's management intentionally failed to disclose massive losses at Merrill so that shareholders would vote to approve the merger.
...for violating anti-monopoly rules to dominate the market for microprocessors.