August 19, 2011 – 9:53 AM
Bond insurer CIFG Assurance has become the latest aggrieved party to sue Goldman Sachs for misrepresenting a bunch of MBS-related securities that blew up.
August 5, 2011 – 11:24 AM
In 2010, Ocwen ranked fourth in subprime mortgage servicing, at $56 billion in volume. That was behind American Home Servicing ($78 billion), Bank of America/Countrywide ($82 billion) and Chase Home Finance ($90 billion).
HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches.
By Timothy Blake
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Posted in Goldman Sachs, HSBC
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Also tagged bank, Credit Suisse, firings, HSBC, job, layoffs, Lloyds, release, retail banking arm, retail operations, Standard Chartered, State Street Corp, terminate, UBS
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Why is Goldman Sachs stalling on a request from the SEC? Goldman Sachs Group Inc. will have longer to respond to the high-profile lawsuit by the Securities and Exchange Commission over disclosures regarding a collateralized debt obligation tied to subprime mortgages, a judge ruled.
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