subprime news from FierceFinance

A big client has blamed JPMorgan of mismanaging an investment account that held $1 billion in assets owned by his company, Access Industries. Specifically, it charges that a JPMorgan banker advised... Read more...

As it turns out, there were several internal risk officers who warned the top executives that they were becoming dangerously overexposed to risky subprime and Alt-A loans. This was the conclusion of... Read more...

Exotic credit-linked securities have been the downfall of too many brand name investment banks as of late. But that spells opportunity for one boutique that carries the name Morgan Joseph--which was... Read more...

Credit rating agencies have been beaten up pretty thoroughly in the credit crunch. Many would say they have been discredited. If only they hadn't rated all those subprime-backed CDOs AAA! In the wake... Read more...

The idea that we need a big failure to get past a financial crisis has long been out there. That's one reason a lot of people assumed that the Bear Stearns implosion signaled the worst was over. Of... Read more...

Freddie Mac's $3 billion auction of short-term securities went well. Of course it took news of a massive potential government bailout to undergird market confidence. This is decent news, but the... Read more...

In May 2007, an ex-Citigroup energy derivative trader named Craig Gile was sentenced to a year and a day in jail after pleading guilty to one count of conspiracy.... Read more...

Just when you thought the credit rating agencies could not be more demonized comes a New York Times magazine piece that wraps... Read more...

Don't think it's almost over. Delinquencies for subprimes extended in 2005 to 2007 are still rising, according to Standard & Poor's. For 2005 and 2006, the increases have been boosted to the 35... Read more...

You would think that the Tequesta Mortgage fund would be seen as one of the more safe hedge funds. After it all, it specialized in... Read more...