Tag:
Structured Investment Vehicles
Latest Headlines
Latest Headlines
Wells Fargo loses in securities lending jury trial
In a case with potentially large implications, a jury decided that Wells Fargo ( NYSE: WFC ) breached its fiduciary obligation to four nonprofits, who were participating in a securities lending program. Such programs have generated controversy across the industry in the wake of the credit crunch
More on whether Martin Lippert can save Citi
CEO Vikram Pandit has done a lot of executive tinkering at Citi since he took the reins. Arguably, one of his most important hires was new CIO
Can Goldman Sachs save the SIV market?
Goldman Sachs may have carved out a fresh new market for itself. The Financial Times reports that after 10 months, it and Cheyne Capital, which ended up in receivership in the U.K., have agreed on a plan to bail out the firm's structured investment vehicles (SIVs). The plan calls for the u
