NY State Attorney General

Federal prosecutors are looking into whether banks misled investors about their roles in mortgage-bond deals. Targeted banks include Citi, JPMorgan Chase, and UBS. At the same time, New York's Attorney General is launching a separate probe of whether some banks misled ratings agencies.

Everyone wants to weigh in on the Bank of America (BAC) acquisition of Merrill Lynch and the subsequent disclosures about the deal. The SEC filed a case against the bank that was supposed to be settled, but a federal judge rejected the settlement. N.Y. Attorney General Andrew Cuomo has subpoenaed...