SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources
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RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
Mortgage execs charged with accounting fraud
Posted by mortgage 70 days ago (Editorial)
The Securities and Exchange Commission announced charges Tuesday against three senior executives from the now-defunct Thornburg Mortgage, accusing them of fraudulently overstating the company's income by over $400 million ahead of its bankruptcy. Thornburg filed for bankruptcy in May of 2009, felled by heavy losses associated with the subprime mortgage crisis. At the time, it was the seventh
NY Fed Sells $6 Billion In Mortgage Bonds To Credit Suisse, Posts Gain
Posted by mortgage 84 days ago (Editorial)
- Credit Suisse beats four others to buy $6B in NY Fed mortgage bonds
Local Real Estate Agent Charged With Mortgage Fraud
Posted by mortgage 90 days ago (Editorial)
Nearly all of his loans he made through a sub-prime mortgage lender went into foreclosure or defaulted.
Ex-Credit Suisse manager pleads guilty in subprime probe
Posted by mortgage 103 days ago (Editorial)
NEW YORK (Reuters) - A former London-based Credit Suisse trader pleaded guilty to a criminal conspiracy charge on Wednesday, and he is cooperating with a U.S. government investigation on writedowns of subprime mortgage derivatives at the height of the financial crisis.
Timeline: Ex-Credit Suisse traders charged
Posted by mortgage 110 days ago (Editorial)
U.S. authorities have accused a group of former Credit Suisse Group AG traders of falsely inflating the value of mortgage-backed securities on the investment bank's books as the financial crisis began ...
Ex-Credit Suisse CDO Chief Charged in Scheme to Boost Bonuses
Posted by mortgage 111 days ago (Editorial)
Kareem Serageldin, Credit Suisse Group AG?s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
2 ex-Credit Suisse employees guilty of mortgage fraud
Posted by mortgage 111 days ago (Editorial)
Two former Credit Suisse executives on Wednesday pleaded guilty to falsely inflating subprime mortgage-related bond prices as the US housing market tanked, authorities said.
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