TITLE

N.Y.'s MTA Launches Probe of LOC Provider ABN Amro

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/28/2006, Vol. 355 Issue 32328, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the review of ABN Amro Bank NV, announced by the finance director of New York's Metropolitan Transportation Authority (MTA), Patrick McCoy, following a decision to delay a deal for which the firm was to provide a letter of credit. The MTA held a plan to sell $450 million of commercial paper after being told by New York state comptroller's office that ABN Amro has been fined in connection with money laundering involving Iran and Libya.
ACCESSION #
20281732

 

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