Attorney General, Investigation | featured news

The official spoke on the condition of anonymity because of the sensitivity of the probe. It is examining whether the firms used a tax strategy to avoid paying hundreds of millions of dollars in taxes. The practice involved converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.

Attorney General Eric Holder faces pressure from both political parties after a string of recent policy decisions.

Attorney General Eric Holder may appoint a prosecutor to probe Bush-era interrogations, countering Obama's wishes.