FACTBOX-Cuomo says bailed-out banks doled out lavish bonuses

NEW YORK, July 30 (Reuters) - After reviewing bonuses paid by bailed-out
banks in 2008, New York Attorney General Andrew Cuomo took away one key
observation: "There is no clear rhyme or reason to the way banks compensate and
reward their employees."

Cuomo examined nine banks, their earnings, how much they received from the
government and how much is shared with employees.

"When the banks did well, their employees were paid well. When the banks
did poorly, their employees were paid well. And when the banks did very poorly,
they were bailed out by taxpayers and their employees were still paid well,"
Cuomo said.

Earnings BONUS POOL AVG BONUS TARP
Bank of America (BAC.N) $ 4.00 bln $3.30 bln $ 13,580 $45 bln
Bank of New York Mellon (BK.N) $ 1.40 bln $945 mln $ 22,028 $ 3 bln
Citigroup Inc (C.N) ($27.70) bln $5.33 bln $ 16,512 $45 bln
Goldman Sachs Group Inc (GS.N) $ 2.30 bln $4.82 bln $160,420 $10 bln
JPMorgan Chase & Co (JPM.N) $ 5.60 bln $8.69 bln $ 38,642 $25 bln
Merrill Lynch ($27.60) bln $3.60 bln $ 61,017 $10 bln
Morgan Stanley (MS.N) $ 1.70 bln $4.47 bln $ 95,286 $10 bln
State Street Corp (STT.N) $ 1.81 bln $469 mln $ 16,505 $ 2 bln
Wells Fargo & Co (WFC.N)* ($42.93) bln $977 mln $ 3,479 $25 bln

* Includes Washovia's 2008 losses

source: New York Attorney General Andrew Cuomo

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(Reporting by Steve Eder; editing by Andre Grenon)