Investors misled about the riskiness and credit quality of ‘enhanced cash’ fund
Without admitting or denying allegations, Citi agrees to SEC penalty
Firm misrepresented subprime data
Bank pleased with decision
Regulator alleges firm misled investors about subprime investments
Largest penalty slapped on National Bank Financial
Pre-qualified fund managers will have to raise $500 million of capital, which the U.S. Treasury will the match
It appears that inflation has replaced the credit crunch as the financial markets’ biggest worry. Although the markets’ collective attention may have waned, that doesn’t mean the risks have abated.Despite evidence that credit markets are improving — spreads are narrowing and liquidity is returning — the outlook is far from worry-free. In fact, as the […]
Report makes recommendations on issuer transparency and investor due diligence, risk management, and valuation and accounting issues
Banks have disclosed 83% of losses