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13 Nov 2009, 4:29 am
They’re disavowing and calling attention to it, and laughing all the way to the bank. [read post]
3 Nov 2009, 5:15 pm
This court case is Southgate Master Fund LLC v United States of America, 06cv2335k, US District Court, Northern District of Texas (Dallas). [read post]
2 Nov 2009, 8:05 am
Leeson, believing that the Nikkei would rise, took speculative positions in order to increase his and the Bank’s gains. [8] When the Nikkei index fell, the Bank was not able to cover the losses and collapsed. [9] The cause of the collapse was not the use of the derivatives per se, but rather, inadequate investment management practices that would have led to financial disaster even in the absence of derivatives. [10]  In contrast to the Barings… [read post]
2 Nov 2009, 8:03 am
In 1993, the Swaps Monitor, an industry newsletter, reported that the derivatives market amounted to a total of US$24 trillion, representing approximately four times the size of America’s domestic product by that time. [read post]
31 Oct 2009, 4:06 pm by admin
The company’s Wallingford plant contained a production line that used to manufacture resins. [read post]
30 Oct 2009, 8:46 am
Feinberg signed last week's orders setting pay levels for executives at Bank of America, AIG, Chrysler Financial, Citigroup, GMAC, General Motors and Chrysler. [read post]
20 Oct 2009, 2:14 pm
We’ve spilled only-the-heavens-know how many pixels on what we’ve deemed the BacMerSaga — the situation surrounding New York federal judge Jed Rakoff’s rejection of the proposed settlement between the SEC and Bank of America over the payment of bonuses to Merrill Lynch employees. [read post]
16 Oct 2009, 10:33 am by Joe Mullin
Those matters include a sexual discrimination claim brought against the firm in the Seventh Circuit and a suit in which patent-holding company SPH America accused Foley of revealing its trade secrets-a suit that was recently resolved in Foley's favor. [read post]
14 Oct 2009, 1:42 am
SEC Broadens Inquiry Into Bank of America's Merger With Merrill Corporate Counsel The Securities and Exchange Commission is broadening its inquiry into the merger of Bank of America and Merrill Lynch. [read post]
8 Oct 2009, 3:59 pm by David Doniger
The bill will also enhance America's security and global leadership by cutting our oil dependence and curbing the carbon pollution that drives global warming. [read post]
22 Sep 2009, 4:00 am
  The SEC plans to litigate the case against Bank of America in connection with the non-disclosure of the bonuses paid by Merrill Lynch. [read post]