Tag: U.S. Securities and Exchange Commission

• Tuesday, November 10th 2015 - 06:49 UTC

  Another can of worms in Petrobras: 1.2bn dollars for a century old Texas refinery

  

  Brazilian officials are investigating allegations that Petrobras overpaid hundreds of millions of dollars for the Pasadena, Texas, refinery and funneled money into a massive kickback scheme that's led to dozens of convictions and arrests and fueled calls for the impeachment of president Dilma Rousseff, who chaired the company until 2010.

• Friday, May 14th 2010 - 04:05 UTC

  US Looking into Possible Banks-Credit Rating Agencies Collusion

  

  Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.

• Thursday, May 13th 2010 - 10:41 UTC

  Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives

  

  Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.

• Thursday, April 29th 2010 - 06:50 UTC

  Argentina Opens Defaulted Sovereign Bonds’ Swap Next Monday

  

  Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.

• Tuesday, April 27th 2010 - 22:06 UTC

  US Senate Claims Goldman Sachs Knowingly Profited from Mortgage Collapse

  

  The chairman of an inquiry into the causes of United States' financial meltdown has attacked the role of Goldman Sachs. Senator Carl Levin spoke of the reckless greed that infected Wall Street's financial community.