(Bloomberg) U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them ...
Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an ...
If ProPublica's fine post-mortem on how Wall Street lost billions of dollars on collateralized debt obligations clarifies anything, it's this: Bernie Madoff was an amateur. Because the ruse big banks ...
Jon Ogg has spent 12+ years as chair and co-owner of 24/7 Wall St. LLC. Author of numerous articles on the economy. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various ...
The market for collateralized debt obligations faces more downgrades as losses on mortgage-backed securities prompt Fitch Ratings to overhaul the way it assesses the risk of CDOs based on company debt ...
For the third time in just a few months, Merrill Lynch has taken a huge, multi-billion-dollar "writedown" on its investments in mortgage-backed securities. Banks are suffering big losses because of ...
The commercial mortgage market faces one of its toughest credit climates in more than a decade. The most complex corners of the securitized mortgage market are getting hammered. Products that flew off ...
You have probably heard a lot about derivatives over the past two years. Derivatives are largely responsible for the fall of banking giants Bear Stearns, Lehman Brothers and Washington Mutual.
Chief data officers face several challenges, including new demands from AI, but they must also sell the value of their jobs to coworkers unsure what CDOs do. Chief data officers have a lot to think ...