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26 Oct 2015, 3:11 pm by Sheppard Mullin
For instance, the penalty for a bribe of RMB 100,000 (USD 15,748.5) ranged from a ten year prison sentence to the death penalty. [read post]
22 Oct 2015, 4:35 pm by Kevin LaCroix
The case arises out of a series of RMBS-related securities lawsuits filed in the wake of the financial crisis against Nomura Holding America, Inc. and certain of its operating subsidiaries. [read post]
19 Oct 2015, 1:26 pm by Elizabeth J. Elias
On October 8, Fitch published a report clarifying the application of its United Kingdom RMBS criteria during the ongoing consultation period. [read post]
19 Oct 2015, 11:24 am by Katie Lieberg Stowe
On October 13, 2015, the First Department of the Appellate Division of the Supreme Court for the State of New York decided an appeal in four actions brought by HSBC Bank as Trustee on behalf of four RMBS trusts against Nomura Credit & Capital, Inc. and related entities. [read post]
12 Oct 2015, 2:53 pm by Thomas Kidera
On September 29, 2015, Judge Valerie Caproni of the United States District Court for the Southern District of New York partially granted RMBS trustee Bank of New York Mellon’s (“BNYM”) motion to dismiss claims brought by Phoenix Light SF Ltd., and certain other RMBS investors (together, the “Plaintiffs”). [read post]
12 Oct 2015, 2:47 pm by Thomas Kidera
On October 2, 2015, Justice Saliann Scarpulla of the New York Supreme Court issued an Opinion and Order partially granting Bank of New York Mellon’s (“BNYM”) Motion to Dismiss an RMBS action brought by Commerce Bank and other RMBS investors (together, the “Plaintiffs”). [read post]
6 Oct 2015, 5:19 pm by Supreme People's Court Observer
She mentioned that more than half of the assets recovered since the beginning of the anti-corruption campaign have been confiscated by the CCDI itself (RMB 20.1 billion) and handed over to the national treasury, while 18.6 billion has been recovered through the formal legal system. [read post]
5 Oct 2015, 9:42 am by Elizabeth J. Elias
On September 25, DBRS published its methodology for rating European RMBS transactions issued in Europe with residential loans originated in Europe. [read post]
29 Sep 2015, 3:08 pm by Katie Lieberg Stowe
On September 18, 2015, Justice Shirley Kornreich of the Supreme Court of the State of New York dismissed a $600 million suit brought by Bank of New York Mellon, as securitization trustee (“BNYM”), against WLM Mortgage, LLC, J.P. [read post]
15 Sep 2015, 6:07 am by Lax & Neville LLP
  Ross Shapiro, Michael Gramins, and Tyler Peters also misrepresented the prices at which Nomura Securities International bought and sold RMBS, as well as the spreads earned by intermediating RMBS trading. [read post]
14 Sep 2015, 1:38 pm by Jennifer Lee
On September 8, 2015, the Southern District of New York dismissed, for lack of jurisdiction, a large portion of claims from a derivative class action alleging that Citibank NA, as trustee of 27 trusts, had breached its contractual, statutory, and common law duties in connection with $17 billion of pooled loans. [read post]
14 Sep 2015, 12:42 pm by Jennifer Lee
On September 8, 2015, Bank of America NA and Midland Loan Services settled Bank of America’s lawsuit seeking a declaratory judgment that it did not breach the representations and warranties in connection with a CMBS securitization and, consequently, did not need to repurchase loans from the securitization. [read post]
14 Sep 2015, 12:39 pm by Jennifer Lee
  In particular, the court rejected plaintiffs’ reliance on inflammatory emails, which merely “show, at most, that some Goldman employees, based on the same information available to Plaintiffs, were bearish on the RMBS market. [read post]
8 Sep 2015, 2:12 pm by Elizabeth J. Elias
On August 28, 2015, Fitch updated its EMEA RMBS rating criteria. [read post]
8 Sep 2015, 10:19 am by Rachel Dollar
Shapiro, Gramins […] The post RMBS Conspiracy Leads to Indictment appeared first on Mortgage Fraud Blog. [read post]
8 Sep 2015, 8:10 am by Katie Lieberg Stowe
On August 18, 2015, Judge Denise Cote of the federal district court for the Southern District of New York addressed the appropriate measure of potential damages in an action by Bank of New York Mellon (BoNY), as RMBS trustee, against WMC Mortgage, LLC and GE Mortgage Holding, L.L.C. [read post]
The PRC fears large capital outflows and still requires private investors secure to convert RMB to foreign currency for investments overseas. [read post]
The letter from the labor bureau says that they are claiming ________ rmb for the dismissal and for not having a contract and for making this person work overtime. [read post]