Tag:
Global Settlement
Latest Headlines
Latest Headlines
Mortgage settlement stall continues
The Iowa-led coalition of states--currently negotiating with big banks about a global settlement to a litany of mortgage and foreclosure abuses--has frayed to the point that a meaningful deal may not be possible.
The fact that California and Nevada have decided to pursue their own joint invest
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 subsidiary misled investors in a $1 billion CDO deal tied to residential mortgages.
According to the
Finra issues warning on sell-side stock research independence
To what extent does the dot.com era model of stock research still exist? It's tempting to think that the 2003 global settlement that expired five years after it was agreed to finally created a wall between investment bankers and stock analysts. But there's reason to think the industry has backslid
Banks still "forging" mortgage documents?
Has anything really changed in the mortgage industry, despite a lot of political rancor about some dubious practices that banks said have been cleared up?
The American Banker has weighed in with an investigation that has found "some of the largest mortgage servicers are still fabricating d
The return of the star Internet analyst
With Internet companies once again the darlings of investment bankers (sort of) should we be surprised that top Internet stock analysts are once again hot commodities?
Deal Book says this: "These Internet analysts are nowhere nearly as famous (or infamous) as Jack Grubman and Henry Blodget
Bank of America alone in search of settlement
Not too long ago, people were hopeful that a settlement between state and federal regulators and the top banks and mortgage servicers would emerge quickly.
Those hopes have been dashed over the last several months, as the settlement process has lapsed into a free for all. Lots of fractures ha
Two states sue Bank of America over foreclosures, modifications
State attorneys general in Arizona and Nevada seem to have broken with other states in their bid to hold Bank of America ( NYSE: BAC ) accountable for what they see as egregious conduct regarding mortgages and foreclosures. These states, of course, have been among the hardest hit by the foreclos
End of CDO investigation nears?
We have suggested there might be some sort of global settlement to the CDO abuse probe that as of yet has produced no criminal charges. We indicated it might be similar to the settlement of the tainted stock research scandal that so many banks agreed to years ago. So, when news hit that the SEC, a
CDO boom artificially fueled by other CDOs
How to keep a bubble expanding? That was an issue faced by the top Wall Street banks as the mortgage-driven derivatives boom started to crest. By then, the savviest buyers domestically had wised up to product push, and the most fertile buyers for a lot of iffy deals were overseas, in Asia and in E
Will Deutsche Bank and other banks be targeted for CDO activities?
No one on Wall Street thinks Goldman Sachs (NYSE: GS ) was alone in the way it aggressively packaged and marketed collateralized debt obligations ( CDO news). There was a fortune to be made, and all the top banks had invested heavily in making sure they got their just piece of the pie. Thank
