More banks to join securities settlement

Courtesy Marketplace  Wed, 08/13/2008 - 11:27

As many as six banks are said to have agreed to buy back securities from the failed auction-rate market as part of a settlement with federal regulators.

Is a global settlement in the works? Bob Moon reports.


 

More related items

UBS tries buyback to raise confidence
UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS...

Citi to buy back $7 billion in bonds
After some nudging by authorities, Citigroup says it'll buy back billions of dollars worth of auction-rate securities to settle accusations of...

The death of the auction-rate market?
Everybody from wealthy individuals to big corporations has stopped believing in auction-rate securities as a secure type of short-term bond...

Economic fears could hit public works
Investors' concerns with the credit crunch are showing up in auction-rate securities, which raise money for everything from roads and bridges to...

Nikon D60 Digital SLR Camera with 18-55mm AF-S VR Zoom Lens +...
Kit includes: 1) Nikon D60 Digital SLR Camera w/ 18-55mm VR Lens; 2) Nikon 55-200mm VR Zoom Lens; 3) Transcend 8GB SDHC Card; 4) Nikon EN-EL9 Li-Ion...

Nikon D90 Digital SLR Camera with 18-105mm AF-S DX VR Nikkor...
Kit Includes: ♦ 1) Nikon D90 Digital SLR Camera Body ♦ 2) Nikon 18-105mm Lens [Outfit] ♦ 3) Nikon 70-300mm Zoom Lens ♦ 4) Transcend 8GB HC...

Tamron 18-270mm f/3.5-6.3 Di II VC LD Aspherical IF Macro Lens...
With the advent of the latest 15X zoom lens from Tamron, the pioneer of high power zoom lenses, the high power zoom lens has steadily evolved from a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
money-employment.marc8.com