Tag:
CDOs
Latest Headlines
Latest Headlines
Kyle Bass moves to long mortgage bonds
The housing implosion wasn't a complete surprise to everyone. A few brave hedge fund managers not only predicted the collapse but bet massively on it--and ended up billionaires or at least half-billionaires.
Charges against Credit Suisse employees
Many have lamented the lack of individual charges in SEC prosecutions against Wall Street firms for fraud related to CDOs built on residential mortgages. None of the top executives of a big-name firm...
More CDO charges against banks on the way
Earlier this year, we thought that the SEC would settle charges related to fraudulent CDO practices in a global manner, that is, with a host of firms all agreeing to pay for their crimes and to a
More criticism of Citigroup CDO settlement
Since the SEC and Citigroup announced a $285 million deal to settle marketing fraud charges related to single CDO deal, the criticism has steadily mounted. Some have suggested that the settlement
SEC charges Citigroup, employee in CDO case
The SEC has taken another scalp in its efforts to prosecute fraud related to the financial crisis. More specifically, it announced a settlement with Citigroup of charges that its broker-dealer
SEC may charge S&P over faulty CDO ratings
Civil action may be coming from the SEC against Standard & Poor's over a troubled 2007 CDO offering that was awarded a top AAA rating. S&P says it has received a Wells notice, informing it
Allstate sues Goldman Sachs
Is the legal pile-on just now starting? We're certainly seeing more big investors in MBSs and the derivatives built on those MBSs filing lawsuits against big banks. The latest was Allstate, which has
Most CDO frauds may go unpunished
The SEC has won high-profile settlements over fraudulent CDO sales and marketing practices with two marquee banks, Goldman Sachs and JPMorgan Chase. But ProPublica makes an interesting point: Goldman
Collateral managers at issue as SEC probes Magnetar CDO
There's been some grumbling on Wall Street as to why Goldman Sachs was prosecuted for its ABACUS CDO deals while other firms that engaged in similar trades have not. To be sure, the SEC and the DOJ
Despite ban on synthetic ETFs, still some issues in the U.S.
Regulators in Europe have increasingly been issuing warnings about the dangers of so-called synthetic exchange-traded funds (ETFs), which invest in derivatives. The issue is huge in Europe and, to a
