As New York State broadens its probe into the bank's marketing of auction-rate securities, the attorney general's office is issuing subpoenas to several Bank of America Corp. executives, Reuters reports.

Despite recent market chatter that Attorney General Andrew Cuomo and the bank were nearing a settlement, New York officials intend to continue their probe after initial efforts raised new questions. According to the source, Cuomo's office wanted to speak with "several" bank officials to learn more about Bank of America's handling of auction rates.

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