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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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A federal judge in Columbus, Ohio, has dismissed a lawsuit brought by five state employee pension funds against Standard & Poor’s, Moody’s Investors Service and Fitch Ratings over their ratings of mortgage-backed securities.
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Deloitte & Touche has been slapped with two lawsuits for failing to detect fraud through its audits of Taylor Bean Whitaker, the defunct mortgage lender.
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Goldman Sachs is said to be preparing for deeper cuts and more layoffs than earlier projected as it expects its third-quarter report to be one of the worst since going public in 1999.
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The UBS securitization team may be relocating to Manhattan soon, despite shelved plans for a larger move of the bank’s entire Stamford, Conn., outpost back into the city, according to officials familiar with the strategy.
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McGraw-Hill has acknowledged that it may face a civil injunctive action by the U.S. Securities and Exchange Commission over ratings awarded a collateralized debt obligation by its Standard & Poor’s Rating Services in 2007.
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The Internal Revenue Service and banks are engaged in a battle over taxes.
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The Office of the Inspector General of the Federal Housing Finance Agency says Fannie Mae was aware that attorneys representing the government-sponsored enterprise were filing false foreclosure-related documents but failed to act on it.
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RIFCO has raised its $30 million Securcor Trust Securitization Facility to C$50 million ($48.6 million), which the company says will allow the auto loans firm to securitize to C$50 million in total loans in 2011.
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Ranieri Real Estate Partners has teamed up with private equity funds affiliated with WL Ross to acquire Deutsche Bank Berkshire Mortgage.