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In lawsuit against S&P, a surprise appearance from Talking Heads
NEW YORK (Reuters) - When the housing market was on the road to nowhere in 2007, one ratings analyst found an unlikely muse: the post-punk band Talking Heads. The analyst...
Soros says Obama victory means ‘more sensible politics’
(Reuters) - Billionaire investor George Soros said late Tuesday that the projected re-election of President Barack Obama will open "the door for more sensible politics." Soros, who has contributed mightily...
Ex-Barclays trader Merchant, under Libor scrutiny, exits UBS
(Reuters) - Jay V. Merchant, who has come under federal scrutiny in the Libor manipulation scandal related to his tenure at Barclays Plc, left his position as head of swap...
JPMorgan disclosed possible misconduct to feds ahead of earnings
In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. -- known as the "London Whale" blunder -- was transformed...
JPMorgan disclosed possible misconduct to feds ahead of earnings
In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. -- known as the "London Whale" blunder -- was transformed...
JPMorgan disclosed possible misconduct to feds ahead of earnings
NEW YORK (Reuters) - In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. -- known as the "London Whale"...
California county began eminent domain talks in secret
(Reuters) - Officials in California's San Bernardino County began talking with a private investor group about a controversial proposal to condemn distressed mortgages back in January, some five months before...
Exclusive: Investors tout controversial “condemnation” for housing fix
NEW YORK (Reuters) - Here's a controversial but intriguing approach to the U.S. housing crisis: keep cash-strapped residents in their homes by condemning their mortgages. A mortgage firm backed by...
Exclusive: Housing chief leaves Morgan to launch buy-to-rent fund
(Reuters) - Oliver Chang, head of U.S. housing strategy at Morgan Stanley, who has written more about foreclosed homes as an investment opportunity than any other Wall Street analyst, is...
Exclusive: Asset manager TCW looks to cash in on foreclosed homes
NEW YORK (Reuters) - TCW, a Los Angeles-based asset management firm, is looking to raise up to $250 million from investors for a fund that seeks to capitalize on the...