NY AG Cuomo says Merrill Lynch misled Congress, reporting Nov. 24 that bonuses were planned for...

|By:, SA News Editor

NY AG Cuomo says Merrill Lynch misled Congress, reporting Nov. 24 that bonuses were planned for the end of the year when the decision to accelerate payments was made Nov. 11. Also, employees may have marked down portfolios only after bonuses were set, contributing to larger-than-expected Q4 losses.