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Banks Facing Headline Risk For Long Time to Come

Started by malthus
about 15 years ago
Posts: 1333
Member since: Feb 2009
Discussion about
From WSJ: "More institutional investors are joining efforts to recover losses on battered mortgage portfolios amid concerns about sloppy mortgage servicing and underwriting practices." "There's a large amount of uncertainty around the risk," said Jack Micenko, a banking analyst with Susquehanna Investment Group. He expects the potential liability to expose banks "to headline risk for a long time to come."
Response by malthus
about 15 years ago
Posts: 1333
Member since: Feb 2009

Also, there was a small note in the FT about IKB bringing suit against Calyon for essentially the same reason that Goldman got fined by the SEC. My understanding is that those guys lost money to everybody so it could be the first of many. Magnetar was on the other side.

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