subprime mortgage bonds Archives

HSBC Arm Settles 14-Year Shareholder Lawsuit for $1.58B

HSBC Holdings Plc agreed to pay $1.58 billion to settle a 14-year-old shareholder lawsuit over allegations that executives of a U.S. subprime-lending business acquired by the bank misled investors. ...

Judge Clears PIMCO to Sue AIG Over Subprime Mortgage Losses

A federal judge on Monday cleared the way for Pacific Investment Management Co to pursue a California lawsuit accusing American International Group Inc of causing big losses by lying about its ...

JPMorgan Will Pay Ambac $995M to Settle Mortgage-Backed Securities Claims

Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay $995 million to settle disputes related to residential mortgage-backed securities. The settlement will have a positive ...

Swiss Re CFO: Regulators Should Keep Cat Bonds From Risky Repackaging

Swiss Re AG, Europe's second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. "It's important for traditional players like us and ...

S&P Will Pay $1.5B to Settle Suits Over Inflated Subprime Mortgage Bond Ratings

S&P, a unit of McGraw Hill Financial Inc., will pay more than a year's profit to settle suits that it inflated ratings on subprime mortgage bonds at the center of the 2008 financial crisis. ...