Financial Biz Cheat Sheet: NY AG, Justice Department Suing Bank of New York; BofA Facing Fraud Charges

New York’s Attorney General and the U.S. Justice Department are both suing Bank of New York (NYSE:BK) for allegedly defrauding clients in forex transactions.

Hot Feature: Merkel Willing to Back Plan to Recapitalize European Banks

A YouTube (NASDAQ:GOOG) message, purportedly posted by hacker group Anonymous, threatens to erase the NYSE from the Internet on October 10.

UBS (NYSE:UBS) heads of Global equities, Francois Gouws and Yassiine Bouhara, have resigned. Mike Stewart has been appointed to take their place.

AIG (NYSE:AIG) has filed a petition with the U.S. Court of Appeals to overturn a $45 million award to SunTrust (NYSE:STI) related to mortgage contracts.

Don’t Miss: IMF Outlines Strategy to Tackle Slowing Growth in Europe

A HUD OIG audit finds that Bank of America (NYSE:BAC) should face fraud charges related to handling and servicing of loans for federally insured mortgages by its Countrywide unit.