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Showing 11 - 20 of 75 results for "CDO"

CalPERS cry foul play, backs lawsuit

MICHELLE BALTAZAR  |  TUESDAY, 19 FEB 2013
The largest public pension fund in the US, CalPERS, has expressed its support for the US government's civil lawsuit against credit rating agency Standard & Poor's Rating Services. Early this month, the US Department of Justice sued the agency for fraud ...

New claimants join class action against CBA

MARK STORY  |  THURSDAY, 7 FEB 2013
... relates to a case of non-disclosure around $140 million that (CBA) investors lost on synthetic collateralised debt obligations (CDO) - one of the catalysts responsible for triggering the GFC. If CBA is found to be in breach of section 192A of the Corporations ...

Spain here we come

BENJAMIN ONG  |  THURSDAY, 15 NOV 2012
... spook being peddled by Standard & Poor's - you know the one, the credit-rater who gave what later turned out to be rubbish CDO's and other structured securities glowing AAA's back in the days; and the one the Federal Court of Australia found guilty of ...

ASIC calls for detailed disclosure on holdings of super funds

MELANIE TIMBRELL  |  TUESDAY, 20 MAR 2012
... says we'll only disclose the major assets. It reminds me of the days when I ran securitisation around the world and we had a CDO business and we used to have a 10% bucket which was the minor assets - it's actually where often the riskiest assets were ...

Bankruptcy could be bliss

BENJAMIN ONG  |  MONDAY, 13 FEB 2012
"Don't go talking too loud, you'll cause a landslide, Mr. Jones." - The Bee Gees, New York Mining Disaster The optimism that warmed financial markets for the best part of the first six weeks of 2012 has been dented by the comeback of the European sovereign ...

PIGS!

BENJAMIN ONG  |  WEDNESDAY, 7 DEC 2011
... deficit and debt, country A downgraded. S&P was right! The same it was spot on when it - and Moody's and Fitch - gave junk CDO's and other structured securities glowing AAAs back in the days. The result was the same, they were correct for their ratings ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... together represent over 90% of the group's consolidated assets." Yes, them the bad news. The ones who not so long ago gave toxic CDO's and structure investment products a glowing, shiny AAA. Now they're overcompensating for their misjudgements. But just ...

Strong culture drives T. Rowe Price

MATT WOODINGTON  |  TUESDAY, 27 SEP 2011
Global fund manager T. Rowe Price credits its longevity in the cut-throat world of finance to its strong culture - so strong some of the staff just celebrated 25 years with the business this year. Visiting Sydney last week, the firm's director of global ...

USA no longer AAA

BENJAMIN ONG  |  MONDAY, 8 AUG 2011
... bestowed AAA ratings on bonds backed subprime mortgages, as well as the alphabet soup of structured products (ABS, CDOs, CLOs, CDO-squareds) that were issued en masse banks during the credit bubble. Those securities were downgraded after investors lost ...

The other Greece

BENJAMIN ONG  |  WEDNESDAY, 6 JUL 2011
Here we go again! Just when we all thought that the Greek problem is done and dusted - at least until the next time it needs to be done and dusted - along comes that other Greece, and it's name is Portugal. Warnings galore. Credit-rating agencies went ...