Skip to main content

Category: Securities

SEC Set to Alter Stance on Money Funds

WASHINGTON—“U.S. securities regulators, under pressure from the asset-management industry, are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency’s discussions.” “The Securities and Exchange Commission, poised to implement structural changes to money funds […]

Read More

SEC Set to Alter Stance on Money Funds

“U.S. securities regulators, under pressure from the asset-management industry, are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency’s discussions. “The Securities and Exchange Commission, poised to implement structural changes to money funds […]

Read More

Morgan Stanley Sees More China Defaults as Cash Squeeze Tightens

“More Chinese companies are heading toward default as higher funding costs and slowing growth weigh on existing debt commitments, according to Morgan Stanley. “The pressures are now on for the corporate default rate to be moving higher,” said Viktor Hjort, the Hong Kong-based head of Asia fixed-income research at the U.S. lender. “Any economy that […]

Read More

Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit

“Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis. “The bank agreed on Wednesday to pay that sum to settle a lawsuit filed on behalf of the two government-sponsored […]

Read More

Maybe … Freddie and Fannie weren’t the Main Cause of the Mortgage Crisis

“I’ve heard that charge numerous times from the Conservatives I know — that these government-supported agencies were the ones at fault for the “bad” Mortgages of last decade, and as a result responsible for the ultimate collapse of the Mortgage-Backed-Securities market. This they claim, this govt-charity for the poor, led directly to the Great Recession […]

Read More

BofA to pay $9.5 billion to settle Fannie Mae, Freddie Mac claims

“Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. “The government-sponsored mortgage finance giants had demanded compensation from the Charlotte, N.C., bank for losses on securities backed by faulty loans issued during the housing boom. “The […]

Read More

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today