The financial sector largely shrugged off reports of new federal investigations into banks’ roles in mortgage-bond deals, with shares slightly lower as additional investigations largely were expected.
Federal prosecutors, working with securities regulators, are conducting a preliminary criminal probe into whether several major Wall Street banks misled investors about their roles in mortgage-bond deals, a person [...]
Posts Tagged ‘mortgage market’
Bank Stocks Show Little Reaction To Added Probes
May 13th, 2010 by Financial Writer
Tags: banks, business, financial, financial markets, investors, mortgage, mortgage market, stock market, us economy, us stocks, wall street
more...Bear Stearns execs acquitted of subprime fraud
November 10th, 2009 by Financial Writer
Two former Bear Stearns hedge-fund managers have been acquitted of lying to investors about the implosion of the subprime mortgage market.
A Brooklyn jury found Ralph Cioffi and Matthew Tannin not guilty Tuesday on all counts of conspiracy and fraud. It was the first criminal case to hit Wall Street amid the housing market meltdown.
Prosecutors claimed [...]
Tags: bear stearns, housing market, investors, mortgage, mortgage market, wall street
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