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Showing 31 - 40 of 75 results for "CDO"

Goldman Sachs accused of fraud

SEC RELEASE  |  MONDAY, 19 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 subprime residential mortgage-backed securities (RMBS). The firm failed to disclose vital ...

Local councils set to recover more from Lehman

PIPER ALDERMAN RELEASE  |  WEDNESDAY, 31 MAR 2010
... creditors of Lehman Australia, including the local councils, would only receive between 2 and 13 cents in the dollar of their CDO claims. By contrast, related entities of Lehman Australia were to receive more, estimated between 47 and 100 cents in the ...

Wen has spoken

BENJAMIN ONG  |  TUESDAY, 16 MAR 2010

Babson closes five CLOs

COMPANY RELEASE  |  TUESDAY, 9 MAR 2010
US fund manager Babson Capital Management has closed five collateralised loan obligations (CLOs) with more than US$1.7 ($1.9) billion under management. According to a press statement, Victoria Falls CLO, Diamond Lake CL., Clear Lake CLO, Summit Lake ...

Japanese history lesson

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2010
... operations. Falling share prices spelled the natural death of this Japanese practice of cross shareholdings - the same way CDO's and other structured investments went out of fashion during the GFC. There have been repeated attempts by the Japanese stock ...

Fixing an industry on steroids

MICHELLE BALTAZAR  |  THURSDAY, 14 JAN 2010
Day One of the Financial Crisis Inquiry Commission (FCIC) highlighted the testimony of an investment veteran who said the industry has long been on steroids - and called the commissioners to help build a system that doesn't need to save the banks every ...

Desert Storm

BENJAMIN ONG  |  MONDAY, 30 NOV 2009
... Standard & Poor's quickly downgraded all Dubai government-related debt. But not quick enough. Like the subprime loans, the CDO's, etcetera, they moved after the fact. You and I and our dogs could do the same. The difference is that they get paid handsomely ...

Undue credit (ratings)

BENJAMIN ONG  |  THURSDAY, 24 SEP 2009
... oversee credit ratings of CDOs for six years. He was quoted as saying that he feels "some moral responsibility for the poor CDO ratings issued under his watch." Sure, sure...six-years? Perhaps his bonus or pay rise didn't have enough zeroes after the ...

Local funds won't follow CalPERS lawsuit

RUTH LIEW  |  THURSDAY, 16 JUL 2009
One of the US' biggest pension funds, the $223 billion CalPERS, has filed a lawsuit against three of the world's most powerful rating agencies to claw back some of its losses from the GFC, but local super funds look unlikely to follow suit. CalPERS ...

More pain to come for councils

RUTH LIEW  |  TUESDAY, 9 JUN 2009
New South Wales councils may suffer more losses from their investments particularly those that have derivatives in their portfolios and not just toxic CDOs, warns an investment academic. Jerry Parwada, associate professor of finance at the University ...