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Showing 21 - 30 of 75 results for "CDO"

Bad news is good news

BENJAMIN ONG  |  FRIDAY, 20 MAY 2011
Surprise, surprise! There were more negative/depressing data releases over the past 24 hours than over the past few "days of fear" combined, yet most equity markets ended on the up and up. No Virginia, I'm not talking about ol' Dominique Strauss-Kahn ...

QE2 overstays welcome

BENJAMIN ONG  |  WEDNESDAY, 10 NOV 2010
Damned if they didn't, damned now that they did! Wall Street is behaving just like any four-year old these days. A four-year old who gets a present, he eagerly opens it, eyes beam, plays with it for about... maybe a week, then discards and wants something ...

Basis Yield lawsuit continues

COMPANY RELEASE  |  THURSDAY, 26 AUG 2010
... Goldman Sachs personnel in New York. BYAFM alleges that Goldman Sachs sold them investments in two tranches of the Timberwolf CDO in June 2007, knowing that they were unlikely to perform. BYAFM invested approximately A$88.1 million. It also alleges that ...

Frozen fund investors get $36m settlement

COMMERCE COMMISSION RELEASE  |  THURSDAY, 22 JUL 2010
New Zealand investors in two frozen funds by ANZ and ING (NZ) stand to benefit from a $36 million (NZ$45 million) settlement fund arranged by the regulator after both funds breached marketing material compliance rules. In its largest monetary settlement ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
... ABACUS deal to investors. It has been reported that in April 2007, a deal was closed for the collateralised debt obligation (CDO) called the ABACUS 2007-AC1, where prominent hedge fund Paulson & Co. Inc was involved in the portfolio selection process ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
... after the closing bell. In settling the fraud charges, Goldman agreed to pay US$550 million as penalty and admit that its CDO marketing materials had "incomplete information." Reports say that the penalty was the largest ever levied by the SEC. Largest ...

NY firm defrauds billion dollar CDOs

RUTH LIEW  |  TUESDAY, 22 JUN 2010
... collateralised debt obligations. According to a press statement, the SEC alleged ICP Asset Management was involved in the CDO fraud by engaging in fraudulent practices and misrepresentations that saw the CDOs lose tens of millions of dollars. Thomas ...

US Commission subpoenas Goldman Sachs

RUTH LIEW  |  TUESDAY, 15 JUN 2010
... to a press statement, Goldman Sachs was alleged to have structured and marketed a synthetic collateralised debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). It is alleged the firm failed to ...

FSA starts Goldman Sachs investigation

RUTH LIEW  |  THURSDAY, 22 APR 2010
... to a press statement, Goldman Sachs was alleged to have structured and marketed a synthetic collateralised debt obligation (CDO) that hinged on the performance of sub-prime residential mortgage-backed securities (RMBS). The firm failed to disclose vital ...

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
... "making materially misleading statements and omissions" in connection with Abacus -- synthetic collateralised debt obligation (CDO) marketed to investors. The short of it... the SEC accused Goldman of peddling a product -- investors didn't know -- was ...