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Cuomo looks into Fidelity-Goldman Sachs link

August 27, 2008 — 2:10pm ET | By Jim Kim
Goldman Sachs has already agreed to buy back about $1.5 billion in auction rate securities held by customers and pay a $22.5 million fine. But the New York Attorney General is still looking into the... Read more...

Latest foe of naked short selling: South Dakota

August 19, 2008 — 12:53pm ET | By Jim Kim
For a lot of industries, there's little worse than state-by-state regulation. Some have been known to invite federal regulation if it would pre-empt state regulation. Which brings us to South Dakota... Read more...

UBS aiming for a break up?

August 12, 2008 — 9:44pm ET | By Jim Kim
What to make of the latest UBS news? The bank is breaking into three distinct business units--Wealth management (sort of private banking), asset management and investment banking--and has been... Read more...

UBS to settle ARS issues for nearly $19.4 billion

August 8, 2008 — 12:40pm ET | By Jim Kim
We thought Citigroup might become the poster child for the auction rate securities scandals--yes we can now use that term--given the fact that New York regulators are... Read more...

Auction rates securities settlements in perspective

August 8, 2008 — 7:37am ET | By Jim Kim
The news that Citigroup and Merrill Lynch will reimburse individual investors burned by auction rate securities to the tune of $17 billion is certainly eye-catching. The New York Times notes that the... Read more...

Citigroup to buy back auction rate securities

August 7, 2008 — 7:30am ET | By Jim Kim
We've seen a lot of activity on the auction rate security front recently. We may start seeing some settlements. The New York Times reports that Citigroup is nearing a... Read more...

NY AG says Citi destroyed documents

August 3, 2008 — 10:17am ET | By Jim Kim
At first glance, the news that the New York state attorney general is prepared to charge Citi with fraud regarding its auction rate securities practices is similar to... Read more...

States gets aggressive on auction rates securities

July 31, 2008 — 1:08pm ET | By Jim Kim
States are getting busy when it comes to auction rate securities. Missouri raided the St. Louis office of... Read more...

Bad omen: States targeting Wachovia on auction rate securities

July 17, 2008 — 2:26pm ET | By Jim Kim
Nothing whips up state securities regulators more than petty scams against their citizens. They live to crack down on these things. So it's really bad news for Wachovia... Read more...

Banks vulnerable over auction rate securities mess

June 29, 2008 — 8:33am ET | By Jim Kim
We've noted often that prosecutions and regulatory activity follow scandals. The New York Times highlights an area that many have identified as rife with conflicts: the auction rate securities... Read more...
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