| 单词 | collateralize |
| 例句 | A current-affairs comedy, “Big Lake” stands as an effort to appease the millions of Americans who still must turn to every time they see the phrase “collateralized debt obligation.” | 'Big Lake': Chris Gethard in Will Ferrell?s Comedy Central Series 2010-08-16T22:43:00Z One board chairwoman came from Goldman Sachs, where she had specialized in collateralized debt obligations. How ‘A Mad Love’ of Opera Has Played Out From 17th-Century Mantua to 21st-Century New York 2018-11-28T05:00:00Z You don't have to know the difference between a credit default swap and a collateralized debt obligation to feel enraged all over again. 5 films about the financial crisis you can bank on 2012-11-29T23:48:09Z Who wants to explain in a very simple way what a synthetic collateralized debt obligation is? Actors of ‘The Big Short’ Talk About the Debt Crisis, in Beverly Hills 2015-11-24T05:00:00Z They are never actually engaged in, say, turning rotten subprime mortgages into toxic collateralized debt obligations and peddling them to unsuspecting investors. Film: When Did Gekko Get So Toothless? 2010-09-24T14:38:00Z Q: Can you explain, in 25 words, what a synthetic collateralized debt obligation is? Steve Carell hopes you want to throw up after seeing ‘The Big Short’ 2015-12-22T05:00:00Z He has done this in a breezy, pellucid manner, with a rare talent for explaining abstruse concepts — say, collateralized debt obligations — so that even I can understand them. Michael Lewis Wonders Who’s Really Running the Government 2018-10-08T04:00:00Z The private credit group will have a team of more than 50 analysts in different geographies looking into private credit in institutions such as business development companies, collateralized loan obligations, insurance and asset management companies. Moody's creates private credit rating and research group 2023-11-06T05:00:00Z The options include collateralized and guaranteed structures that could form part of a restructuring solution and potentially facilitate financing for the country, the third source said. Exclusive: Ukraine sounds out bondholders on debt restructuring, new financing -sources 2023-10-09T04:00:00Z The Biden administration is pushing the World Bank as a "credible alternative" to China's overseas lending, which U.S. officials say is often not transparent and often uses collateralized loans that pose risks to countries later. Reforms could boost World Bank lending to developing countries by nearly $190 bln -study 2023-09-26T04:00:00Z Securities and Exchange Commission to resolve charges that it cheated Abacus investors by concealing Paulson's role, including how he made a $1 billion profit by betting that the sale of collateralized debt obligations would fail. US court rules no class action on Goldman Sachs crisis-era claims 2023-08-10T04:00:00Z Setting a baseline for short-term interest rates via its reverse repo facility in effect borrows cash from money market funds in transactions collateralized with government bonds. Fed monetary policy mechanics would be tested by US debt default 2023-05-15T04:00:00Z Credit Suisse said the borrowing will be made under the covered loan facility and a short-term liquidity facility, fully collateralized by high quality assets. Credit Suisse to borrow up to 50 bln Swiss francs from Swiss National Bank 2023-03-16T04:00:00Z There is the borrow/lending facility, where users were lending billions of dollars of assets to each other, collateralized by assets on the exchange. Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit 2022-12-01T05:00:00Z “The cards were collateralized by transferring $99,000 from a Hudson West III account to a separate account, where the funds were held until the cards were closed.” Hunter Biden’s highly suspicious, profitable overseas deals entangle ‘the big guy’ in GOP probe 2022-11-25T05:00:00Z Commodity Futures Trading Commission a formal withdrawal of FTX's request from December last year that sought to allow the crypto exchange to offer products that are not fully collateralized. Crypto clearinghouse LedgerX withdraws FTX's request last year to CFTC 2022-11-14T05:00:00Z Bloomberg News reported earlier on Monday, citing people familiar with the matter, the launch of an auction for the unit, which includes a platform for investing in collateralized loan obligations. Credit Suisse places U.S. asset management arm for sale - source 2022-10-17T04:00:00Z The prices of bonds tied to collateralized loan obligations, investment vehicles that buy loans tied to junk-rated corporate debt, have fallen in recent weeks as British pension funds sell off their holdings to raise cash. Markets Turmoil Roils Britain once Again 2022-10-12T04:00:00Z He also told clients the investment had little or no risk because the loans were collateralized dollar for dollar by investment securities put up by the businesses. Georgia investment adviser on the run ordered to pay $12M 2022-06-08T04:00:00Z Banks package them into securities known as collateralized loan obligations, or CLOs, that are then sold to investors. Analysis: Leveraged loans hit turbulence, but investors still see long-term outperformance 2022-05-13T04:00:00Z Regulators could raise objections to Musk potentially collateralizing the purchase with Tesla stock, according to former SEC lawyer Tyler Gellasch, who now runs Healthy Markets, a nonprofit organization advocating market reforms. Elon Musk acquires Twitter for roughly $44 billion 2022-04-25T04:00:00Z “These defendants duped investors by offering them an intoxicating investment opportunity collateralized by valuable bottles of fine wine that turned out to be too good to be true,” Peace said. Two UK executives charged in $100 million fine-wine scam 2022-03-01T05:00:00Z In general, Chinese banks' exposure to Evergrande has fallen in the past year, and most of their outstanding loans are collateralized or guaranteed by deposits, according to the four sources. EXCLUSIVE China Evergrande's lenders weigh up loan losses, rolling over credit - sources 2021-09-20T04:00:00Z In general, Chinese banks’ exposure to Evergrande has fallen in the past year, and most of their outstanding loans are collateralized or guaranteed by deposits, according to the four sources. Exclusive: China Evergrande's lenders weigh up loan losses, rolling over credit - sources 2021-09-17T04:00:00Z The Iron Titanium token, an algorithmic stablecoin that was partially collateralized, fell from $60 to near zero in the space of a day. The Tether controversy, explained 2021-08-16T04:00:00Z Securities and Exchange Commission to resolve charges that it cheated Abacus investors by concealing Paulson's role, including how he made a $1 billion profit by betting the sale of collateralized debt obligations would fail. U.S. Supreme Court tosses class action ruling against Goldman Sachs 2021-06-21T04:00:00Z A friend, who must grasp things such as “collateralized debt obligations” in his job, spent weeks wrestling with vaccine sites on his computer, just as my wife and I did. Perspective | I got the coronavirus vaccine, and cheer has replaced fear 2021-02-26T05:00:00Z Called collateralized loan obligations, these financial securities package together dozens of real estate loans. Landlords Eager for Covid-Era Revamps Are Finding Hungry Investors 2021-02-25T05:00:00Z It is also about protecting the wealthy investors and fund managers, including Barrack, who are now looking at huge losses on all those mortgage-backed securities, collateralized loan obligations and leveraged loans they bought. Perspective | Wall Street’s next big ask: A bailout for ‘junk’ credit 2020-04-10T04:00:00Z Defaults will put pressure on mutual funds, pensions, hedge funds, insurers and other firms that invest in corporate bonds — including collateralized loan obligations, a complex security that includes pieces of various corporate bonds. Scary Times for U.S. Companies Spell Boom for Restructuring Advisers 2020-03-30T04:00:00Z Instead the government would guarantee collateralized loans to industries hurt by the outbreak, he said. Bipartisan U.S. talks expected on rescue for coronavirus-hit economy 2020-03-20T04:00:00Z The loans were collateralized by WE Holdings’ shares of stock in WeWork, and were repaid by WeWork’s repurchase of the shares. Column: WeWork carries Silicon Valley's 'unicorn' craze to its absurd limits 2019-09-12T04:00:00Z Roughly $4 billion of collateralized loan obligations were issued through the middle of February, a 46 percent increase over the same period last year, according to JPMorgan research. Landlords Eager for Covid-Era Revamps Are Finding Hungry Investors 2021-02-25T05:00:00Z Most are backed on a one-to-one basis by mainstream assets like the U.S. dollar, while others are collateralized by baskets of cryptocurrencies. Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra... 2019-06-18T04:00:00Z The loans are either held by mutual funds, which pool money from many different investors, or are grouped together and used to back securities called collateralized loan obligations. Federal Reserve Warns as Risky Corporate Debt Exceeds Peak Crisis Level 2019-05-06T04:00:00Z The loans are packaged into products known as collateralized loan obligations, or CLOs. How regulators, Republicans and big banks fought for a big increase in lucrative but risky corporate loans 2019-04-06T04:00:00Z Court of Appeals for the District of Columbia that removed a regulatory restriction on collateralized loan obligations. Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs 2019-01-20T05:00:00Z Stoltz Real Estate Partners, a private equity firm outside Philadelphia, benefited from investor appetite for collateralized loan obligations. Landlords Eager for Covid-Era Revamps Are Finding Hungry Investors 2021-02-25T05:00:00Z Faraday Future had argued it wouldn’t be able to raise new investment without assets to collateralize, since it still has no current product or revenue. Faraday Future gets a lifeline as it settles months-long battle with Chinese investor 2018-12-31T05:00:00Z The Fed said the collateralized loan obligations are structured in a more secure way than their housing-backed relatives, and banks should be able to handle their exposure to corporate debt. Federal Reserve Warns as Risky Corporate Debt Exceeds Peak Crisis Level 2019-05-06T04:00:00Z Financial companies also made other exotic instruments, known as collateralized debt obligations, tied to those securities. How regulators, Republicans and big banks fought for a big increase in lucrative but risky corporate loans 2019-04-06T04:00:00Z By comparison, collateralized debt obligations, or CDOs, which spread toxic housing debt through the world’s financial system, was worth some $61 trillion globally in 2007, according to the Bank for International Settlements. Fed urged to get more serious about U.S. corporate debt risks 2018-11-27T05:00:00Z Those mortgages were securitized, pooled together in CDOs, “collateralized debt obligation” funds that issued small slices of equity leveraged with huge debt tranches backed by pools of mortgages. Opinion | Get Ready for the Next Financial Crisis 2018-09-14T04:00:00Z Complex financial products — like the collateralized debt obligations into which those mortgages were packaged — soared. A Brief History of Bull Markets, From Postwar Boom to Housing Bust 2018-08-22T04:00:00Z Now, “leveraged loans” or loans made to companies already deluged in debt are being re-packaged as “collateralized loan obligations” or CLOs. Author Nomi Prins’ “Collusion” is a global expedition to expose the power grab of central b... 2018-08-01T04:00:00Z A big new source of floating-rate credit is the market for “leveraged loans” — loans to highly indebted businesses — that are packaged into securities known as “collateralized loan obligations,” or CLOs. The junk debt that tanked the economy? It’s back in a big way. 2018-07-27T04:00:00Z To his philosophical theories, Raniere had introduced his followers to a concept called “collateral,” or “collateralizing your word,” which members understood to be “adding extra leverage to your conscience.” The ‘Sex Cult’ That Preached Empowerment 2018-05-30T04:00:00Z Court documents say Shelton instead used the money for other purposes, including an investment in collateralized mortgage obligations that lost money. Kentucky businessman convicted in pipeline scheme 2018-01-15T05:00:00Z Investors bought up pretty much every type of debt instrument, from investment-grade bonds to collateralized loan obligations. A Banner Year for Corporate Debt 2017-12-26T05:00:00Z The loan from Fortress is collateralized by Theranos’s patent portfolio and the deal grants Fortress warrants for 4% of the company’s equity, Ms. Holmes told investors in her email. Blood-testing Firm Theranos Gets $100 Million Lifeline From Fortress 2017-12-23T05:00:00Z Other debt is permitted beyond that debt ceiling, but it has to be collateralized by non-football assets. NFL says it is not pressuring Panthers owner to sell team 2017-12-21T05:00:00Z Daly’s office says in some instances, RBS employees lied to buyers of mortgage-backed securities and collateralized loan obligations about a seller’s asking price and pocketed the difference. RBS agrees to pay $44 million to settle fraud claims 2017-10-26T04:00:00Z Investors also put money into private and far less liquid collateralized reinsurance contracts and special vehicles known as sidecars, a bigger, but more opaque market. Hurricane Irma Tests Risk-Reward of Catastrophe-Bond Market 2017-09-08T04:00:00Z This product is collateralized loan obligations, or CLOs, which buy portfolios of risky, leveraged loans often used by private-equity firms in buyouts. How Risky Loans Are Kept Afloat in Alphabet Soup 2017-08-01T04:00:00Z But Dugan Bliss, an SEC lawyer, contended Tilton misled investors by directing the valuations of assets underlying the three so-called Zohar collateralized loan obligation funds remain unchanged despite their poor performance. SEC, 'Diva of Distressed' Tilton face off in fraud trial 2016-10-24T04:00:00Z The public’s grasp of the 2008 financial crisis was obscured by sophisticated financial instruments, from collateralized debt obligations to mortgage-backed securities. The new CEO for Wells Fargo faces his biggest challenge yet 2016-10-13T04:00:00Z Among them is Greywolf Capital Management, an investment firm that collaborated with Goldman Sachs on the creation of Timberwolf I, one of the most toxic collateralized debt obligations to emerge in the mortgage crisis. How Bankrupt Is Horsehead Holding? Its Investors Want to Know 2016-08-26T04:00:00Z Before the housing market collapsed in the United States, in 2008, sparking a global financial crisis, Deutsche Bank created about thirty-two billion dollars’ worth of collateralized debt obligations, which helped to inflate the housing bubble. Deutsche Bank’s $10-Billion Scandal 2016-08-22T04:00:00Z Low weights were assigned to subprime mortgages, foreign sovereign debt, collateralized debt obligations and derivatives like credit default swaps. Why ‘Risk-Based’ Capital Is Far Too Risky 2016-08-11T04:00:00Z Although the arrival of the printing press in the late 15th century didn’t have an immediate effect on manuscript production, it would eventually make books cheap and thus no longer worth collateralizing. Student Loans Date Back to the Middle Ages 2016-08-02T04:00:00Z Establishing good credit is integral to securing a mortgage, a car loan and other collateralized debt. 8 Personal Finance Myths Money Experts Want to See Disappear 2016-08-02T04:00:00Z “There was a movement at the time for celebrities and recording artists to collateralize their future income capacity,” DiNicola said. Businesses Explore New Ventures to Cash In on the Muhammad Ali Brand 2016-06-19T04:00:00Z The bank’s holdings of American collateralized loan obligations, which are bundles of loans, ballooned to $840 million as of the end of the fourth quarter, and its holdings of distressed credits were $2.87 billion. Credit Suisse Chief Says Risky Bets Were a ‘Surprise’ 2016-03-23T04:00:00Z Since the recent crisis reflected the high number of write-downs on mortgage-related securitizations, especially on collateralized debt obligations, some banks increased their holdings while lowering the required capital buffer. The Circle of Crisis and Capital 2016-03-21T04:00:00Z But the most commonly collateralized items were books. Student Loans Date Back to the Middle Ages 2016-08-02T04:00:00Z The firm is a major buyer of collateralized loan obligations, pieces of business loans that are bundled by Wall Street and sold to insurance companies, big investment banks and other buyers. Loan Valuations Draw Scrutiny 2016-02-12T05:00:00Z But it is not likely to equal the vast array of the derivatives like collateralized debt obligations and other mortgage-related investments that clogged the bank’s balance sheets and nearly brought them down. Oil Market Tests Banks’ Ability to Weather Losses 2016-01-19T05:00:00Z It wrote down another $64 million related to reducing its stakes in collateralized loan obligations and $99 million related to distressed credit in the first quarter. Credit Suisse Chief Says Risky Bets Were a ‘Surprise’ 2016-03-23T04:00:00Z After this rule change, some banks increased their holdings of highly rated “private label” mortgage-backed securities and collateralized debt obligations. The Circle of Crisis and Capital 2016-03-21T04:00:00Z Property markets in big cities are healing, which at least staves off the worst-case scenario for the banking system, heavily collateralized by property. China GDP: Long Slog Increases the Pain 2016-01-19T05:00:00Z The shadow-banking system includes money market funds and off-balance sheet investment vehicles such as collateralized debt obligations and credit default swaps. Bernie Sanders’s claim that Glass-Steagall banned commercial bank loans to ‘shadow banks’ 2016-01-11T05:00:00Z It is no doubt true that, eight years after the housing bubble burst, most Americans can’t explain what a “subprime loan,” “mortgage backed security,” “collateralized debt obligation,” “default swap” or even a ”hedge fund” is. “The Big Short’s” shortcomings: The real culprits in the financial meltdown never paid for their crimes, but still, it’s not all gloom and doom 2016-01-16T05:00:00Z In 2010, Goldman paid $550 million to the Securities and Exchange Commission for its role in putting together a collateralized debt obligation called Abacus. Goldman to Pay Up to $5 Billion to Settle Claims of Faulty Mortgages 2016-01-14T05:00:00Z In an ironic twist, a plan to ease this burden relies on a version of one of the instruments most demonized in the financial crisis—the synthetic collateralized debt obligation. Fannie and Freddie: New Bonds With an Old Twist 2015-12-29T05:00:00Z These are effectively collateralized loans to the Federal Reserve that temporarily drain excess reserves from government entities or excess cash from money-market funds. The Fed’s Rate Increase: The Next Test Looms 2015-12-16T05:00:00Z Blame it on one of the Street’s recent innovations, the collateralized debt obligation, or CDO. What to Know About the Housing Bubble Before You See 'The Big Short' 2015-12-13T05:00:00Z The Patriarch funds are collateralized debt obligations, which are pools of corporate loans made or purchased with investor funds. Lynn Tilton and Patriarch Partners Sued Over Investors’ Losses 2015-10-05T04:00:00Z Leading the drive are big state-owned banks and medium-size financial institutions seeking to unload loans from their books by packaging them into products known as collateralized loan obligations. China Becomes Asia’s Biggest Securitization Market 2015-09-24T04:00:00Z The SEC charged Tilton, 56, and her Patriarch Partners firm in March with hiding the poor performance of assets underlying three collateralized loan obligation funds that raised over $2.5 billion. Appeal by 'Diva of Distressed' spotlights SEC in-house court 2015-09-15T04:00:00Z Carlyle executives saw an opportunity to create and buy portfolios of structured credit products like mezzanine debt and collateralized loan obligations. Carlyle Finds Hedge Funds Hazardous 2015-08-27T04:00:00Z Margin lending for stocks, via specially created vehicles similar to the collateralized debt obligation pools in the U.S. in 2008, was as much as 5 to 1. The Great 'Fall' Of China 2015-07-27T04:00:00Z That’s what happened in the financial crisis, when mortgage-backed securities, collateralized debt obligations and related derivatives were rendered virtually worthless. Special Report: Blackstone champions hedge funds for the little guy 2015-07-22T04:00:00Z The ABS component – including student loans and collateralized loan obligations – offers attractive diversification at favorable prices. Opportunities Abound In Fixed Income Closed-End Funds 2015-07-22T04:00:00Z It's easy to get caught up in the complexities: impossible-to-understand derivatives, "collateralized debt obligations," "credit default swaps" and the like. Still Too Big to Fail 2015-07-15T04:00:00Z Second, on Thursday the China Banking Regulatory Commission allowed lenders to roll over loans collateralized by stock. China Making Stock Declines Illegal 2015-07-09T04:00:00Z Even the titans ruling over this game confessed, after the 2008 financial collapse, that they did not know what collateralized debt obligations, bundled derivatives, and other tricky instruments devised by clever twenty-eight-year-olds were about. Gary Hart: America's Principles Are in Danger of Corruption 2015-06-26T04:00:00Z That estimate discounts collateralized shares and includes dividends. Las Vegas Sands Partner Among Newest China Billionaires 2015-06-04T04:00:00Z That estimate discounts collateralized shares, and includes dividends and disposals. Landscape Architect Among China's Newest Billionaires 2015-05-29T04:00:00Z Chen, 52, owned shares worth $1 billion yesterday after discounting for collateralized holdings. Textile Industry Entrepreneur Chen Shiliang Joins Billionaire Ranks 2015-05-12T04:00:00Z The marketing materials on which the NAB relied for creating a collateralized debt obligation called Hudson Mezzanine Funding 2006-1, masked Goldman Sachs’s "significant conflict of interest with its clients", the panel found. Goldman Sachs ordered to pay $80 million plus interest in 2006 case 2015-05-11T04:00:00Z After adding in cash and discounting for collateralized shares, Yang’s estimated fortune was worth $1 billion at last Thursday’s closing price of 73.4 yuan. Hopes For Nuclear Power Industry Orders Lift Fan Supplier Into Billionaire Ranks 2015-05-04T04:00:00Z They learned a lesson from the Securities and Exchange Commission’s lawsuit in 2010 against Goldman Sachs for its sale of a collateralized debt obligation. Attorney General Eric Holder’s Mixed Scorecard 2015-04-28T04:00:00Z Our estimate of his fortune, at $1 billion on Wednesday, includes discounts for collateralized shares and includes dividends. Landscape Architect Among China's Newest Billionaires 2015-05-29T04:00:00Z He and his mother Yang Suhua own 59% of the listed company, a stake worth over $1 billion after discounting collateralized shares and adding in private assets that include coal and real estate. Lithium Battery Maker Among Newcomers To China's Billionaire Ranks 2015-04-15T04:00:00Z Securities and Exchange Commission charged Tilton and Patriarch in a separate case with defrauding investors by hiding poor performance of assets underlying three collateralized loan obligation funds. Ex-U.S Army colonel tied to Tilton equity firm reaches plea deal 2015-04-08T04:00:00Z That estimate discounts collateralized shares and includes stock held by his wife and children. Winning Hand Lifts Playing Card Supplier Into China's Billionaire Ranks 2015-04-06T04:00:00Z According to the SEC's lawsuit, Tilton, 55, and three of her Patriarch Partners investment fund companies mislead investors in three collateralized debt obligation funds known as the "Zohar Funds." SEC accuses financier Lynn Tilton of defrauding investors 2015-03-30T04:00:00Z Our estimate of their wealth discounts collateralized shares. Guangdong Couple Becomes China's Latest Online Education Billionaires 2015-03-16T04:00:00Z During that period, many of the bank's collateralized debt obligations and other structured financial products had struggled. Exclusive: Former risk chief warned Deutsche Bank on stress test, emails show 2015-03-12T04:00:00Z You “just walk away,” which is perhaps even easier on the sovereign level, since the debt is not collateralized. Greece's Monetary Options 2015-02-26T05:00:00Z After discounting for collateralized shares, the family was worth an estimated $1.1 billion today. Overseas Hopes Lift China Manufacturing Family Into Billionaire Ranks 2015-01-26T05:00:00Z Part of the rule requires banks to divest their holdings of collateralized loan obligations, types of financial securities primarily backed by commercial loans. House approves Volcker Rule delay despite Obama veto threat 2015-01-14T05:00:00Z Last week, the House tried to pass a measure that would delay by two years Dodd-Frank’s requirement that banks sell off collateralized loan obligations, the bundled debt that helped cause the 2008 financial collapse. In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform 2015-01-13T05:00:00Z The bill would give the institutions holding collateralized loan obligations — bundles of debt — two additional years to sell those stakes. Kicking Dodd-Frank in the Teeth 2015-01-10T05:00:00Z Another bill would amend the Volcker Rule, which prohibits banks from making risky bets with their own money, to allow banks to continue holding certain so-called collateralized loan obligations. Wall Street Seeks to Tuck Dodd-Frank Changes in Budget Bill 2014-12-09T05:00:00Z The commission concluded that VCAP, overseen by Mr. Graham, violated securities laws when it liquidated five collateralized debt obligations in 2012, the letter said. Hedge Fund Kept U.S. Inquiry Quiet 2014-12-06T05:00:00Z Some are even starting to create collateralized debt obligations with art as the underlying asset — much as bankers packaged subprime mortgages before the financial crisis. With Art, Investing in Genius 2014-11-28T05:00:00Z Lenders reject weak deals and offer loans for startups mainly when they are well collateralized or the loans are guaranteed by strong parties, such as the federal government. Why We Need Entrepreneurship 2.0 2014-11-05T05:00:00Z The business works by directly originating long-term senior loans collateralized by multifamily and senior living properties and selling them to third parties with guarantees from Fannie Mae and Freddie Mac. A REIT On Sale: ACRE Presents Compelling Valuation With High Dividend 2014-10-23T04:00:00Z Though the extent of real estate financing is not very high in Bangladesh, most of the corporate loans are collateralized by real estate. On Investing In Bangladesh's Stock Markets With Shahidul Islam 2014-09-27T04:00:00Z In addition to its hedge fund, Vertical is a manager of collateralized debt obligations that contain bundles of mortgage loans. Hedge Fund Kept U.S. Inquiry Quiet 2014-12-06T05:00:00Z “These loans contained material underwriting defects; they were secured by properties with inflated appraisals; they failed to comply with federal, state, and local laws; and they were insufficiently collateralized,” he said. DOJ announces $16.65 billion settlement with Bank of America 2014-08-21T04:00:00Z In turn, the Justice Department will forgo any potential cases against the bank over collateralized debt obligations, the people said, complex financial instruments the bank sold in the years before the crisis. Bank of America Expected to Settle Huge Mortgage Case 2014-08-20T04:00:00Z This is a big change compared with the 2008-09 credit crisis, when a higher proportion of bonds were held by hedge funds and collateralized debt obligation vehicles. Is High Yield Worth the Risk? 2014-07-25T04:00:00Z The last time people spoke openly about everyone being happy with the risks they were taking, you may remember, was in 2007 in the heyday of the synthetic collateralized debt obligation. Yellen Settles for a Slingshot Instead of a Shotgun 2014-07-24T04:00:00Z Understand what you own: Before the financial crisis, investors were dazzled by such exotic instruments as credit default swaps and collateralized debt obligations or any number of investing buzz words. Three Ways To Ward Off The Next Madoff 2014-07-01T04:00:00Z From a regulatory standpoint, it seems ironic: collateralized debt obligations, or CDOs — the products at the heart of the financial crisis that failed in spectacular fashion — are back. Why Are CDOs and Structured Notes Making a Comeback? 2014-06-23T04:00:00Z Sales in the United States of high-yield collateralized debt obligations — packages of loans made to companies with shaky credit and sold as bonds — are also likely to achieve a record level of issuance this year. Markets Are Restacking the Building Blocks of a Financial Crisis 2014-06-12T04:00:00Z Reininger said the loan will be fully collateralized by the company’s land, stations and track improvements. Not everyone on board with Florida fast-rail project 2014-06-10T04:00:00Z RBC Capital Markets, Société Générale and Wells Fargo & Co are among the banks offering to let investors borrow money, also known as providing leverage, to buy collateralized loan obligations, say investors and bankers. PRESS DIGEST - Wall Street Journal - May 5 2014-05-05T05:46:51Z The U.S. leveraged loan market, thanks largely to the almost two years of unrelenting loan fund buying and sizeable demand from collateralized loan obligation funds, is biased toward borrowers. Loan fund investors pull cash with Fed rate hikes on hold 2014-04-21T16:16:02Z The latest fight involves another complex Wall Street creation, a financial instrument known as a collateralized loan obligation. Fair Game: Banks Cling to Bundles Holding Risk 2014-04-19T15:54:03Z JPMorgan's ties to Carlyle run deep, from leveraged buyouts, where the investment bank advises on and finances the private equity firm's deals, to facilitating its credit investments such as collateralized debt obligations. UPDATE 1-Carlyle hires JPMorgan's Cavanagh as co-president 2014-03-25T15:16:08Z The rating agencies grade all kinds of securities — from simple corporate debt to collateralized debt obligations. Fair Game: The Stone Unturned: Credit Ratings 2014-03-22T14:38:28Z Late last year, Zions said it was selling off certain collateralized debt obligations backed by so-called trust-preferred securities. DealBook: Most Large Banks in U.S. Could Cope in Event of Turmoil, Fed Says 2014-03-21T00:49:08Z One is “repo” loans, which are short-term market loans that are collateralized with bonds provided by the borrower. DealBook: Dudley Expresses Concern on Leverage Rule 2014-03-20T04:14:06Z A further fascinating example is provided now by collateralized loan obligations. Today's Economist: Picking Up the Pace at the S.E.C. 2014-03-06T05:01:30Z They use the same techniques as collateralized debt obligations, which were often made up of subprime mortgage investments and were the rotten core of the financial crisis. The Trade: In Banking Overhaul Fight, a Ruckus Over an Obscure Product 2014-03-05T17:22:20Z The lawsuit, brought by Australian hedge fund Basis Yield Alpha Fund, says Goldman made misleading statements and omissions about collateralized debt obligations known as Timberlake and Point Pleasant. NY court lets lawsuit against Goldman over Timberwolf CDO proceed 2014-01-30T21:26:28Z Regulators did not heed industry calls to extend the exemption to another security used by big banks, collateralized loan obligations. Trade group backs down on lawsuit as regulators revise Volcker rule provision 2014-01-16T00:12:48Z The new wave of pawn brokers, or collateralized lenders, as they like to be known, isn’t just betting that people will pledge cars, planes, or, in the case of one Ultrapawn customer, an earth mover. Wealth Matters: Need Cash? Own a Bentley? Take a Pawn Ticket 2014-01-13T04:38:11Z At stake are collateralized debt obligations backed by trust preferred securities — or TruPS CDOs — which have hybrid characteristics of both debt and equity and can get a favorable tax treatment. Financial digest: Regulators consider change to Volcker rule 2013-12-28T01:08:50Z Four agencies said they were reviewing the exclusion collateralized debt obligations backed by trust preferred securities - or TruPS-backed CDOs - from the rule, which limits banks' ownership of funds. U.S. bank watchdogs to consider Volcker rule tweak 2013-12-27T20:51:25Z At the heart of the bankers’ group lawsuit are instruments called collateralized debt obligations, the instruments that helped stoke the financial crisis. DealBook: Banks’ Suit Tests Limits of Resisting Volcker Rule 2013-12-25T01:19:22Z Mr. Farah said in his statement of claim that he was “unaware of the true state of facts” about the ill-fated collateralized mortgage obligations, the mortgage-backed securities that are pooled and grouped by risk. DealBook: In Soured Investments, Brokers Emerge as Culprits and Victims 2013-12-23T22:32:40Z Play the aircraft cycle: We like bonds that are collateralized by aircraft. What are investors’ best bets for 2014? World’s leading money managers weigh in. 2013-12-21T22:30:26Z The securities in question were packages — collateralized debt obligations, or C.D.O.’s — of what are called “trust preferred” securities issued by banks and insurance companies. High & Low Finance: Loophole Slowly Tightens on a Bank 2013-12-20T00:46:07Z The selling of a synthetic collateralized debt obligation is nearly impossible to convey on screen. Martin Scorsese’s Approach in ‘The Wolf of Wall Street’ 2013-12-19T15:00:01Z With the KFN deal, KKR is buying a $2.9 billion debt investment portfolio — among its assets are pieces of collateralized loan obligations and commercial real estate loans and bonds — that it already manages. DealBook: K.K.R. to Buy Debt-Trading Affiliate for $2.6 Billion 2013-12-17T13:09:15Z The settlement between Bank of America and the Securities and Exchange Commission arises from a series of collateralized debt obligations that Merrill Lynch cobbled together and marketed. DealBook: Bank of America to Pay $131.8 Million Penalty in C.D.O. Deals 2013-12-12T21:25:07Z Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about collateralized debt obligations it structured and sold. BofA to pay $132 million in SEC case over Merrill CDO marketing 2013-12-12T18:39:39Z Still, the number may be underestimated due to the difficulty of knowing how much of that exposure is collateralized. UBS says Itaú, Bradesco cut loan exposure to Batista's Grupo EBX 2013-11-02T14:28:24Z Fearing that a housing crash was nearing, Goldman bundled its worst mortgage bonds into a synthetic collateralized debt obligation — the kind of security the financial media would later label as “toxic mortgages.” Martin Scorsese’s Approach in ‘The Wolf of Wall Street’ 2013-12-19T15:00:01Z The lawsuit said Deutsche Bank packaged and sold mortgage-backed securities and collateralized debt obligations that it knew were riskier than it told the market. U.S. judge denies class action status in Deutsche Bank lawsuit 2013-10-29T19:33:34Z Securities and Exchange Commission alleged that Harding Advisory LLC and Wing F. Chau compromised their independent judgment as collateral manager for a collateralized debt obligation known as "Octans I CDO Ltd." SEC charges collateral manager of CDO with fraud 2013-10-18T19:17:30Z Credit relief trades use the same instruments, such as collateralized loan obligations and credit-default swaps, that precipitated the 2008 financial crisis. New capital rules spur banks seek breathing room with controversial credit relief trades 2013-09-20T14:41:03Z CDOs, better known as collateralized debt obligations, were becoming a popular way for financial institutions to shift risk off their books as they ramped up lending to a new class of subprime borrowers. Filmmaker bet on financial crisis, used profit to make documentary about Federal Reserve 2013-09-15T03:43:00Z O’Neal had taken over Merrill when it was mostly a retail brokerage firm and turned it into a major manufacturer of collateralized debt obligations, a type of security, backed by home mortgages. Disgraced Wall Street CEOs are living large 2013-09-10T12:19:00Z In its lawsuit, the government accused S&P of inflating ratings to win more fees from issuers and of failing to downgrade collateralized debt obligations despite knowing they were backed by deteriorating residential mortgage-backed securities. S&P says ‘retaliation’ is behind U.S. fraud suit; Eastman Kodak out of bankruptcy 2013-09-04T00:17:39Z The February 4 lawsuit accused S&P of inflating ratings to win more fees from issuers, and failing to downgrade ratings for collateralized debt obligations despite knowing they were backed by deteriorating residential mortgage-backed securities. S&P calls U.S. lawsuit retaliation for stripping 'AAA' rating 2013-09-03T19:58:34Z Regulators say the Swiss banking giant misled investors about the quality of collateralized debt obligations created in 2007 that caused $130 million in losses. U.S. sues Bank of America over sale of $850 million in mortgage-backed securities 2013-08-07T02:05:39Z He also acted as lead counsel in seeking court approval of a $285 million settlement with Citigroup Inc, which the SEC accused of misleading investors in the sale of a $1 billion collateralized debt obligation. 'Fabulous Fab' verdict is vindication for SEC lawyer 2013-08-04T14:28:17Z In April 2010, the SEC sued Mr. Tourre and Goldman for securities fraud, alleging they misled investors in an investment called Abacus 2007-AC1, known in Wall Street jargon as a synthetic collateralized debt obligation. 'Fab' Trader Liable in Fraud 2013-08-02T02:19:34Z The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said. Bank of America expects civil charges over mortgage bonds 2013-08-01T22:49:50Z Much of the testimony was devoted to the intricacies of synthetic collateralized debt obligations, or CDOs — a complex type of investment central to the case. Ex-Trader ‘Fabulous Fab’ Found Liable in SEC Case 2013-08-01T19:49:25Z In the email, sent Jan. 23, 2007, Tourre forwarded an article to his girlfriend about so-called collateralized debt obligations and described it as “insightful.” Ex-Goldman trader on trial in mortgage scheme 2013-07-26T00:59:42Z His testimony comes three years after the SEC accused him and Goldman Sachs Group Inc of fraud over Abacus, a synthetic collateralized debt obligation. Tourre trial jurors set to hear from Tourre 2013-07-24T05:06:51Z But that may be conservative, given poor disclosure and a lack of information on how much of that exposure is collateralized. Analysis: As Batista renegotiates EBX debt, banks beat out bondholders 2013-07-17T05:04:37Z Citigroup said that its loans are nearly 100 percent collateralized, and that its exposure to the loans is just about $300 million. Analysis: Citigroup has an emerging markets headache 2013-07-16T04:03:08Z But investors were not told that the hedge fund helped pick the securities that went into the product, known as a collateralized debt obligation, the agency said. High stakes for SEC in civil case against former Goldman trader 2013-07-16T00:03:01Z Sophisticated investors like IKB had the tools to analyze the mortgage investments tied to the collateralized debt obligation, Tourre's lawyers have said, and so it did not matter how the investments were chosen. SEC takes Goldman's 'Fabulous Fab' to trial in civil fraud case 2013-07-14T15:07:45Z They accused the rating agencies of misrepresenting their independence, the quality of their models and the timeliness of their ratings for collateralized debt obligations and residential mortgage-backed securities. Liquidators of failed Bear Stearns funds sue rating agencies 2013-07-10T17:16:09Z The SEC alleges that Tourre misled investors about a synthetic collateralized debt obligation. PRESS DIGEST - Wall Street Journal - July 10 2013-07-10T05:06:39Z Still, investor demand remains heated, with money pouring into retail mutual loan funds and collateralized loan obligations while exiting many other asset classes. Sticker-shock derails opportunistic US loan deals, for now 2013-06-28T13:34:15Z It bought its collateralized debt in the bankrupt vodka producer from Alfa Bank Ukraine, one of the top ten lenders in the former Soviet republic. Selective justice keeps foreign investment out of Ukraine 2013-06-10T08:21:24Z Tourre's lawyers have indicated they will try to challenge Schwartz's credibility as a witness because the SEC has investigated her role in a different collateralized debt obligation. SEC takes Goldman's 'Fabulous Fab' to trial in civil fraud case 2013-07-14T15:07:45Z Securities and Exchange Commission's fraud charges against him over the marketing and sale of a collateralized debt obligation. Former Goldman VP Tourre loses bid to narrow SEC's fraud case 2013-06-04T15:39:49Z Abacus, a synthetic collateralized debt obligation, was the focus of the SEC case. Goldman unveils checks on conflicts in bid to fix image 2013-05-23T18:25:23Z The January 2007 call was between a Goldman saleswoman and an executive at ACA Financial Guaranty Corp, which helped pick securities backing the collateralized debt obligation about which Goldman and Tourre allegedly misled investors. Judge won't block SEC use of recording against Goldman's Tourre 2013-04-26T21:30:12Z That would leave the final section of the Justice Department’s complaint, which lists 33 individual securities, called C.D.O.’s, or collateralized debt obligations, which were rated by S.&P. from March to October 2007. DealBook: S.&P. Responds to Mortgage Ratings Case 2013-04-22T19:23:49Z Notably, a federal jury in Manhattan rejected the SEC's claims that former Citigroup manager Brian Stoker was liable for violating securities laws in connection with a $1 billion collateralized debt obligation. SEC takes Goldman's 'Fabulous Fab' to trial in civil fraud case 2013-07-14T15:07:45Z Forrest also ruled in favor of the SEC on portions of the case, including the sale of credit protection on a part of the collateralized debt obligation known as Abacus 2007-AC1 CDO. Former Goldman VP Tourre loses bid to narrow SEC's fraud case 2013-06-04T15:39:49Z In the first quarter of this year, banks issued about $26 billion in new collateralized loan obligations — more than in the same period in 2007, according to S&P Capital IQ. Banks Revive Risky Loans and Mortgages 2013-04-19T02:19:47Z Investors are bidding up junk bonds, commercial mortgage-backed securities and bundles of corporate loans called collateralized loan obligations. The Trade: Efforts to Revive the Economy Lead to Worries of a Bubble 2013-04-18T10:35:59Z But if you sell $1,000 of derivatives and collateralize it by purchasing $900 of another offsetting derivative, how much are you really at risk? Why Derivatives May Be the Biggest Risk for the Global Economy 2013-03-27T15:06:48Z He became the bank's principal employee working on what became Abacus, known in the financial industry as a synthetic collateralized debt obligation. SEC takes Goldman's 'Fabulous Fab' to trial in civil fraud case 2013-07-14T15:07:45Z The SEC's investigation focuses on allegations UBS defrauded investors in the sale of more than $748 million in notes tied to a collateralized debt obligation the bank created in 2007, the paper reported. UBS in settlement talks with SEC over mortgage bond deal: WSJ 2013-03-23T14:51:22Z As in Venezuela and Bolivia, China has become a happy lender of last resort, offering Quito a credit line of up to $10 billion in long-term, low-interest loans collateralized with the stuff in the ground. “To get the gold, they will have to kill every one of us” 2013-02-10T12:00:00Z Stock ownership is concentrated among the wealthy; junk bonds and collateralized loan obligations only more so. The Trade: Efforts to Revive the Economy Lead to Worries of a Bubble 2013-04-18T10:35:59Z Securities and Exchange Commission charges that Citigroup misled investors by selling a $1 billion collateralized debt obligation in 2007 as housing prices were falling, without revealing its bet against the underlying mortgages. Appeals court hears arguments in SEC's case against Citigroup 2013-02-08T20:33:10Z In rating a collateralized debt obligation in 2006, for example, the issuer of the deal resisted a rating a Moody's analyst had determined by arguing that S&P had provided a more favorable rating. Justice Department, states weigh action against Moody's 2013-02-07T23:18:48Z At issue in the case are dozens of collateralized debt obligations backed by dicey mortgage bonds that S&P rated from 2004 to 2007. Analysis - U.S. lawsuit casts a pall over S&P 2013-02-06T03:08:29Z In 2006, S&P loosened assumptions on its ratings of collateralized debt obligations, which one of the firm's analysts described as creating a loophole big enough to drive a Mack truck through. U.S. government slams S&P with $5 billion fraud lawsuit 2013-02-06T00:19:13Z Along with securities issued by banks, EJF bets on housing as well as collateralized debt obligations made up of pools of real-estate loans. How one hedge fund seized on fallout from Dodd-Frank 2013-02-03T15:50:00Z Another key small business benefit: Many entrepreneurs also collateralize their houses to obtain business loans, and increasing values will benefit them too. Housing Recovery at Last? Depends Who You Ask 2013-01-29T22:05:00Z Who needs credit default swaps on collateralized debt obligations, and other such concoctions? Opinion: Financial Collapse: A 10-Step Recovery Plan 2013-01-19T17:13:04Z CDOs, of course, are collateralized debt obligations, those complicated financial tools that spurred unhealthy debt and lending in the United States, causing shocks that spread around the world when the system collapsed in 2007. IHT Rendezvous: Is Something Toxic Buried in China's Financial System? 2013-01-17T07:19:39Z And not just into tricky mortgage investments, collateralized this or securitized that, but actual houses. Financiers Bet on Rental Housing 2012-12-08T19:48:07Z The collateralized mortgage obligation was a stroke of genius. Bucks Blog: The Boom (and Bust) That Your Mortgage Bonds Built 2012-10-03T16:05:02Z After the financial collapse, the group reviewed some collateralized loan obligations, financial products that were deemed toxic, and bought the safest aspects of those products. Ina Drew, Jamie Dimon, and JPMorgan Chase’s $6 Billion Mistake 2012-10-03T09:00:22Z In March, the hedge fund, purchased a portfolio of synthetic collateralized debt obligations, from French bank Credit Agricole. Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs 2012-09-30T12:02:22Z So, too, with derivatives and securities based on debt - things like collateralized loan obligations. DealBook: Distortion in Tax Code Makes Debt More Attractive to Banks 2012-09-19T17:32:49Z The documents also reveal that Bain held stakes in highly complex Wall Street financial instruments, including equity swaps, credit default swaps and collateralized loan obligations. Documents Show Details on Romney Family Trusts 2012-08-24T01:39:12Z It might help to think about a collateralized mortgage obligation as a pyramid of glasses, piled up in several tiers on a silver tray. Bucks Blog: The Boom (and Bust) That Your Mortgage Bonds Built 2012-10-03T16:05:02Z “They took risk with those collateralized loan obligations,” Mark Williams, who teaches finance at Boston University, says. Ina Drew, Jamie Dimon, and JPMorgan Chase’s $6 Billion Mistake 2012-10-03T09:00:22Z For example, he notes how advancements in business technology gave birth to synthetic collateralized debt obligations, which some point to as the root of the subprime mortgage crisis. What’s in a Title? Overcoming a ‘Crisis’ of CEO Credibility 2012-08-21T14:00:22Z Goldman Sachs was one of the more famous users of SPEs, when it created ABACUS, a synthetic collateralized debt obligation, which like most of these collections of subprime mortgages ended up in default. The Accounting Trick Behind Thirty Years of Scandal 2012-08-15T12:00:01Z Instead, it accused him of negligence in preparing sales materials for a complex mortgage-related investment called a collateralized debt obligation, or C.D.O.s. DealBook: Former Citigroup Manager Cleared in Mortgage Securities Case 2012-07-31T19:55:18Z They called these new vehicles collateralized debt obligations, or C.D.O.'s, and they marketed them as completely safe. Bucks Blog: The Boom (and Bust) That Your Mortgage Bonds Built 2012-10-03T16:05:02Z Among the smaller categories of issuance, structured finance flourished in the U.S. with a strong pipeline of collateralized loan ... Moody's Profit Falls Less Than Expected 2012-07-26T12:35:29Z C.D.O.'s, or collateralized debt obligations, are complex securities that consist of collections of other assets like mortgage securities. Deal Professor: Brian Stoker Trial May Show Wall Street's Foolishness - Deal Professor 2012-07-18T00:18:31Z This is to be expected, given that so many home equity lines are no longer collateralized by boom-era home values. Fair Game: For Many Home Equity Loans, Payment Shock Is Near 2012-07-14T20:47:03Z A collateralized debt obligation, or CDO, is a type of derivative product whose value and payments are derived from an underlying portfolio, often bonds or mortgages. Mizuho Financial likely to face civil charges in CDO case: WSJ 2012-07-12T05:18:47Z The SEC last year targeted S&P for a possible civil lawsuit over its ratings of a collateralized debt obligation backed by mortgage securities. S&P's procedures under SEC review: WSJ 2012-06-25T05:40:15Z “All outstanding letters of credit are required to be cash collateralized at 105% of their face amount,” the company said. A123 Issues Going Concern Warning; Shares Plunge 2012-05-31T14:03:27Z It gorged both on underwriting bad loans and buying up collateralized debt obligations. DealBook Column: Reinstating an Old Rule Is Not a Cure for Crisis 2012-05-22T14:12:04Z It gorged both on underwriting bad loads and buying up collateralized debt obligations. DealBook Column: Reinstating an Old Rule Is Not a Cure for Crisis 2012-05-22T01:49:50Z "Muppet" is, of course, British slang for "idiot," and yet I couldn't help imagining Goldman's pinstriped bankers trying to sell a complex collateralized debt obligation to an unsuspecting Miss Piggy. What Goldman Can Learn From 'Muppet' Mania 2012-03-19T20:12:58Z Citigroup is seeking to oust Highland as the manager of the $867 million collateralized loan obligation, after the hedge fund refused to unwind the deal, according to people familiar with the matter. Citigroup, Highland in Dispute over Liberty CLO 2012-03-16T15:34:31Z Institutional investors found a way in with the development of collateralized loan obligations, which bundled up packages of leveraged loans and sold them on in different risk portions. A Secure High-Yield Alternative? 2012-03-11T20:01:56Z Those investments, known as collateralized debt obligations, were acquired by the federal government as part of its rescue of the insurer. DealBook: Treasury to Sell $6 Billion Worth of A.I.G. Shares 2012-03-07T22:48:50Z Loan documents detail the securities firm’s pitch to investors, saying it’s collateralized by $2.4 billion in assets in Harbinger’s main fund. Jefferies Loan to Harbinger Will Default If Falcone Is Charged 2012-02-15T13:53:09Z Now his office is asking the Charlotte, North Carolina-based bank to supply documents for its activities involving collateralized loan obligations. Massachusetts subpoenas Bank of America documents 2012-02-10T17:42:28Z Seeking to avoid arcane topics like collateralized debt obligations, credit-default swaps and repurchase agreements, the government focused on the truthfulness of the defendants. DealBook: S.E.C. Reaches Settlement in Bear Stearns Fraud Case 2012-02-10T01:25:14Z There, he traded bonds in the 1980s, and helped slice and pool mortgage bonds that were then sold to investors as collateralized mortgage obligations. BlackRock’s Fink Says Investors Should Be 100% in Equities 2012-02-09T01:24:54Z Credit Suisse in February of 2008 took a $2.85 billion write-down to adjust the value of these securities, known as collateralized debt obligations, on its books. Analysis: Obstacles high for more mortgage prosecutions 2012-02-03T02:09:21Z He owns a 26 percent stake in electric-car maker Tesla Motors Inc. worth more than $650 million as of yesterday’s market close, after adjusting for collateralized shares. Elon Musk’s SolarCity Said to Prepare Initial Public Offering 2012-02-01T23:28:58Z A case would be among the government’s first criminal prosecutions involving a bank’s valuation of complex securities called collateralized debt obligations, or C.D.O.’s, which are created from bundles of mortgage bonds. DealBook: Ex-Traders at Credit Suisse Expected to Be Charged With Fraud 2012-02-01T03:10:27Z The investigation stems from $2.85 billion in write-downs that Credit Suisse took on collateralized debt obligations in 2008, said the sources, who spoke on the condition of anonymity. Ex-Credit Suisse workers face charges in subprime case: sources 2012-01-31T23:16:46Z The investigation stems from major write-downs on collateralized debt obligations Credit Suisse took at the height of the financial crisis, which led to the firing of a number of traders. Ex-Credit Suisse workers face charges in subprime case: sources 2012-01-31T23:16:46Z About half is collateralized, according to the memo, which didn’t specify the amount of the bonds to be awarded to employees or the total amount of assets included. Credit Suisse Bonuses to Include Bonds Made From Derivatives 2012-01-23T18:00:02Z Almost three trillion is a relatively elevated level, but it is collateralized lending, so it’s not a huge concern at the moment.” ECB Balance Sheet Increases to Record €2.73T 2011-12-29T08:42:22Z Heungkuk sued Goldman in state court in New York in April claiming Goldman bet against a collateralized debt obligation it structured known as Timberwolf. Heungkuk drops Timberwolf lawsuit against Goldman 2011-12-21T20:38:06Z Its peers have also been eyeing credit asset managers, with Carlyle Group last month agreeing to buy Churchill Financial LLC, a manager of a $1.25 billion collateralized loan obligation. Buyout firm Apollo to double credit assets 2011-12-16T21:43:26Z In a loan facility only recently tapped by banks and other financial firms, the BOJ offers unlimited funding for collateralized loans. Banks Tap BOJ for Record $4.756 Billion 2011-12-13T04:47:20Z In early 2004, speaking at an event sponsored by New York University, Ms. Rutledge argued that the boom in complex securities like collateralized debt obligations paralleled the events leading to the market crash of 1929. DealBook: R&R Consulting Sets Sights on Being a Credit Ratings Agency 2011-12-09T00:36:01Z “A mortgage is supposed to be a collateralized loan,” Calabria said. Ally Financial Will Halt Mortgage Purchases in Massachusetts 2011-12-05T00:52:18Z The collapse of the deal came as Citigroup itself was posting record losses caused by the financial crisis and its investments in collateralized debt obligations, another form of derivative. Citigroup Deal Haunts Pandit as Saudis Seek to Reclaim Fortune 2011-11-30T04:30:18Z Aladdin Capital will maintain management of $9.6 billion including bank loan pools known as collateralized loan obligations and other structured debt from mortgage-backed securities to collateralized debt obligations backed by corporate credit-default swaps. Aladdin Capital to Manage $9.6 Billion After Mitsubishi Deal 2011-11-18T20:33:44Z Among the assets Aladdin will continue to manage are collateralized loan obligations and other structured products that are backed by investment-grade bonds and mortgages. Aladdin Will Sell Some Credit Funds to Japan’s Mitsubishi 2011-11-18T20:13:58Z It agreed to buy Dublin-based Harbourmaster Capital Management Ltd. last month to become the largest manager of collateralized loan obligations in Europe. Blackstone’s GSO Doubles Rescue Lending for Distressed Borrowers 2011-11-17T13:15:28Z To protect investors, European rules require that synthetic funds be collateralized to at least 90 percent of the value of net assets. BlackRock’s Fink Attacks Societe Generale in Row Over ETF Risks 2011-11-17T00:48:12Z Balance sheets would become much slimmer; trading positions would be largely collateralized or hedged; and products would be simplified to reduce operational risk. Credit Suisse, UBS Would Profit From Bank Breakup: Peter Kurer 2011-11-16T02:04:27Z Indeed, once-highly-touted “innovations” like collateralized debt obligations and credit default swaps were later viewed as anything but. Amex Proves Its Worth With Social Currency 2011-11-09T21:50:59Z CLOs are a type of collateralized debt obligation that pools high- yield, high-risk loans and slices them into securities of varying risk and return. Aladdin Will Sell Some Credit Funds to Japan’s Mitsubishi 2011-11-18T20:13:58Z Securities and Exchange Commission defended their $285 million settlement of claims that the bank misled investors in collateralized debt obligations as a judge questioned whether the deal is in the public interest. Citigroup, SEC Defend $285 Million CDO Accord to U.S. Judge 2011-11-10T05:39:29Z There, he traded bonds in the 1980s, helped slice and pool mortgage bonds that were then sold to investors as collateralized mortgage obligations. BlackRock’s Fink Attacks Societe Generale in Row Over ETF Risks 2011-11-17T00:48:12Z Bancorp’s failures meant securities purchased by investors “were not, in fact, legally collateralized by mortgage loans,” according to the court filing. U.S. Bancorp Sued by Fund Over Role as Mortgage-Bond Trustee 2011-11-10T02:40:01Z Citigroup used the deal to bet against investors in the financial instrument known as a collateralized debt obligation, or CDO, the SEC charged. Investors lost $700M in Citigroup deal, SEC says 2011-11-07T19:17:00Z Four years after instruments like "collateralized debt obligations" and "leveraged loans" became dirty words because of the massive losses they inflicted on holders, European banks still own tens of billions of euros of such assets. Old Debts Dog Europe's Banks 2011-11-07T03:31:33Z Repurchase trades are a form of collateralized lending. Corzine Resigns From MF Global Four Days After Bankruptcy Filing 2011-11-04T17:01:02Z New institutional term loans, debt that’s sold mostly to collateralized loan obligations, fell to $27.4 billion last quarter from $52.9 billion in the period ended June 30, according to S&P Leveraged Commentary & Data. Credit Suisse Curbs Private Reports to Loan Sales, Trading 2011-10-25T15:07:01Z The allegations related to a synthetic collateralized debt obligation sold in 2007 to 15 investors. DealBook: The Late Mover Advantage in Citigroup's Settlement 2011-10-20T14:15:45Z The S.E.C. said that the $285 million would be returned to investors in the deal, a collateralized debt obligation known as Class V Funding III. Citigroup to Pay $285 Million to Settle S.E.C. Charges 2011-10-19T16:40:05Z Citigroup climbed more than 3 percent after agreeing to pay $285 million to settle Securities and Exchange Commission claims that the bank misled investors about a $1 billion collateralized debt obligation. Stocks, Euro Gain Before European Summit as Citigroup Rallies 2011-10-19T16:01:04Z The SEC said the collateralized debt obligation, or CDO, was tied to the U.S. housing market and that Citigroup bet against investors as the market showed signs of distress. Citi to pay $285 million to settle CDO case: SEC 2011-10-19T15:53:03Z Zurich-based Credit Suisse Group AG was the firm responsible for selecting assets for the collateralized debt obligation in question, known as Class V Funding III, the person said. Citigroup Said to Agree to Almost $300 Million SEC Deal 2011-10-19T15:37:04Z But the bulk of Mr. Gundlach's portfolio is invested in a more complex, potentially riskier form of mortgage security known as a collateralized mortgage obligation, or CMO. Going Where Others Fear to Tread 2011-10-05T02:40:06Z Rates are typically below unsecured borrowing costs because the loans are collateralized. Mortgage REITs in Worst Two-Day Loss Since December 2008 2011-10-04T18:26:01Z Standard & Poor’s, the world’s largest provider of credit ratings, may face U.S. regulatory sanctions in connection with its rating of a $1.6 billion collateralized debt obligation in 2007. Wonkbook: Crisis averted, but by FEMA, not by Congress 2011-09-27T11:54:30Z McGraw-Hill said the SEC is weighing civil enforcement action against the firm for its ratings on a collateralized debt ... SEC Eyes Ratings From S&P 2011-09-27T02:48:15Z Standard & Poor’s, the world’s largest provider of credit ratings, may face U.S. regulatory sanctions in connection with its rating of a $1.6 billion collateralized debt obligation in 2007. S&P may face SEC sanctions over CDO 2011-09-27T00:23:00Z The investment bank’s biggest bets came from the team that invested in collateralized debt obligations. UBS Loss Leaves Gruebel Contemplating Smaller Investment Bank 2011-09-22T23:24:03Z CLOs are a type of collateralized debt obligation that pool high-yield, high-risk or leveraged loans and slice them into securities of varying risk and return. Citigroup Said to Seek Unwinding of Blackrock, Prudential CLOs 2011-09-16T14:44:01Z In this scenario, the new bonds could be collateralized with state property. Economix Blog: Peter Boone and Simon Johnson: What Next for Greece and for Europe? 2011-09-15T09:00:06Z Highland Capital Management LP put its business that manages collateralized loan obligations in Europe back up for sale after taking it off the block earlier this year. Europe Company Swap Gap to U.S. Surges to Record: Credit Markets 2011-09-09T14:02:08Z Outside of Wall Street, Montag is probably best known for a profane email regarding a collateralized debt obligation Goldman used to reduce its exposure to subprime mortgages as the home loan market started tanking. Montag puts his mark on Bank of America 2011-09-08T23:22:01Z Calpers' lawsuit focuses on structured investment vehicles, which are complex packages of loans and debt, including subprime mortgages and collateralized debt obligations, that banks assemble and then sell to investors. Calpers settles suit with Fitch, not Moody's or S&P 2011-08-29T21:21:27Z Among other things, he notes that Salesforce.com is the only software company among those surveyed that holds collateralized mortgage obligations. Salesforce.com Boosts Profits With Aggressive Accounting 2011-08-25T18:09:10Z Greece’s second bailout agreement allows private investors to swap their Greek government bonds into new securities that are collateralized. Finland Open to New Collateral Model After Rebuke, Katainen Says 2011-08-23T05:16:14Z This becomes maddeningly complex: The bank from which the school districts borrowed — Depfa, of Ireland — told Stifel that it preferred collateralized debt obligations as the securities against which it would lend money to the districts. Fair Game: Finger-Pointing in the Fog 2011-08-20T15:09:27Z Sixty-percent of the lending was either fully collateralized by bank deposits on the mainland or backed by guarantees by major mainland lenders. Hidden Money From Hong Kong Undermining Loan Curbs: China Credit 2011-08-18T22:11:45Z Last week, Carlyle added $1 billion in new collateralized loan assets under management to its portfolio. Carlyle Group in diversification flurry 2011-08-17T00:33:00Z They also include short-term collateralized loans of securities or cash known as repurchase agreements or reverse repurchase agreements. Citigroup, Goldman Sachs Boosted French Bank Ties Before Rout 2011-08-14T22:22:03Z Goldman Sachs “systematically abandoned the stated underwriting guidelines described in the offering documents” for the mortgages in the pools of collateralized residential mortgage-backed securities it underwrote, the group’s complaint said. Credit Union Regulator Accuses Goldman 2011-08-10T05:00:02Z Royal Bank of Canada won the assignment and began to construct synthetic collateralized debt obligations linked to about 100 corporate bonds. Fair Game: Finger-Pointing in the Fog 2011-08-20T15:09:27Z An ongoing lawsuit related to the sale of collateralized debt obligations to five Wisconsin school districts eroded revenue that grew in most areas of the company. UPDATE 3-Stifel profit falls on legal, merger costs 2011-08-09T00:24:28Z Indicus oversees more than $2 billion in assets in collateralized loan obligations and other credit funds, Ares said in a statement today. Ares Management Buys $2 Billion Credit Manager Indicus 2011-08-08T18:07:01Z He adds that it is highly likely that the loans would be collateralized, or secured, by income-producing assets. Unwitting Angels: When Fund Investors Become Bankers 2011-07-29T23:48:36Z Investors such as fund managers and short-term traders rely on Treasury securities for activities ranging from securing savings to collateralizing loans. Treasury may drop bonds sales with no debt deal 2011-07-29T19:50:08Z Once again, we see the same toxic ingredients that have appeared repeatedly in the aftermath of the crisis: collateralized debt obligations, credit default swaps, ruinous leverage, an overreliance on credit ratings, greed and extreme naïveté. Fair Game: Finger-Pointing in the Fog 2011-08-20T15:09:27Z One of the impacts of that in the repo market is it causes the amount of credit that’s being extended, the collateralized lending, to shrink. U.S. Banks Bracing for Debt Downgrade Eye Repo, Credit Markets 2011-07-27T17:48:01Z Based in Guernsey and listed in Amsterdam, Tetragon is a closed-end fund that invests mainly in "equity" slices of collateralized loan obligations, according to the complaint. Hedge fund founders looted Tetragon: lawsuit 2011-07-12T16:38:07Z The settlement echoes on a smaller scale the $550 million accord that Goldman Sachs Group Inc reached last July over its Abacus collateralized debt obligation. JPMorgan-SEC deal on mortgage CDO approved: judge 2011-06-29T14:19:07Z The SEC alleged that the New York- based bank failed to tell investors in 2007 that a hedge fund helped pick, and bet against, underlying securities in the collateralized debt obligation they purchased. JPMorgan Settlement With SEC Recalls Case Against Goldman Sachs 2011-06-22T03:17:40Z Maturities are “generally limited to three months,” while the proportion of holdings made up by collateralized repurchase agreements has increased, she said without providing more detailed figures. European Bank Debt Dominates U.S. Money-Market Funds’ Assets 2011-06-21T18:08:43Z The collateralized loan obligation, Central Park CLO, includes a $428 million piece rated AAA by Standard & Poor’s, said one of the people, who declined to be identified because the terms are private. Morgan Stanley Said to Plan Loan Fund for Blackstone’s GSO 2011-06-20T15:57:46Z Demand from investors including collateralized loan obligations, bank loan mutual funds and hedge funds is fueling a five-fold surge in deals to back private-equity led buyouts in Europe this year to $16 billion. Jimmy Choo, O2 Arena Snub Banks in Buyout Loans Targeting Funds 2011-06-20T11:08:58Z Deutsche Bank was a big player in those toxic collateralized debt obligations that Wall Street sold during the American mortgage bubble. Deutsche Bank?s Chief Casts Long Shadow in Europe 2011-06-11T14:01:17Z Last year, Goldman Sachs paid $550 million to settle SEC claims related to its marketing of the complex securities known as collateralized debt obligations. Goldman Sachs Investigators Bolstered by New York’s Martin Act 2011-06-03T21:37:03Z Last year Goldman Sachs paid $550 million to settle SEC claims related to its marketing of the complex securities known as collateralized debt obligations. Goldman Sachs Said to Receive Subpoena From New York Prosecutor 2011-06-02T23:36:29Z The really scaring thing is that unlike say collateralized debt obligations or option-ARM mortgages lobbying didn't disappear in the financial crisis. Did Lobbyists Cause the Great Recession? 2011-05-27T10:02:43Z The bank settled civil fraud charges with the SEC related to one of its collateralized debt obligation trades last July for $550 million. Goldman CFO says clients "past" Levin: analyst 2011-05-26T18:08:19Z Seer’s best-performing investments in April were in unusual asset-backed securities and collateralized loan obligations, which pool leveraged loans and slice them into securities of varying risk, according to the letter. Ex-Goldman Sachs Trader Ali Gets Capital From Investcorp 2011-05-25T16:31:33Z Goldman Sachs Group Inc. and Deutsche Bank AG sold collateralized debt obligations, investments backed by pools of bonds and loans, that the banks’ own traders believed would lose value, the report said. U.S. Faulted on Failing to Catch Credit-Crunch ‘Bandits’ 2011-05-23T17:54:01Z The SEC is looking at how banks bundled and sold toxic mortgages in collateralized debt obligation deals. Probes into banks' mortgage lending grow 2011-05-17T17:46:51Z Securities based on life expectancy don’t hold the same risks as those linked to subprime mortgages because they are “fully collateralized,” minimizing the risk from a counterparty failing to meet its obligations, Coughlan said. Death Derivatives Emerge From Pension Risks of Living Too Long 2011-05-17T08:05:45Z I wasn't a fan of Goldman's slickness in letting a short-seller design a collateralized debt obligation that Goldman marketed to clients, for which it was sanctioned by the Securities and Exchange Commission. Wall Street Isn't That Guilty 2011-05-12T21:00:09Z The latest figures show such predictions were about as accurate as the AAA-ratings on so many collateralized debt obligations that precipitated the collapse of credit markets and the subsequent recession in 2008. Hedge Funds Failing to Flee London as Swiss Reveal Wonder-Bust 2011-05-12T22:23:05Z A term loan A is sold primarily to banks, while so-called B loans are mainly bought by non-bank lenders such as collateralized loan obligations, mutual funds and hedge funds. Quintiles Raises Rate to Fix Balance Sheet: Corporate Finance 2011-05-12T15:47:41Z In another report, financial daily Imerisia said Greece was close to an agreement on a new 50 billion euro loan that will be collateralized by liens on liquid and property assets. Greece to conduct bold sell-offs in return for aid-papers 2011-05-11T07:20:31Z JPMorgan did not specify which collateralized debt obligations were the subject of the S.E.C. talks and said there was no assurance that the settlement would be completed. JPMorgan in Talks to Settle S.E.C. Inquiry Into Securities 2011-05-07T02:42:14Z Securities and Exchange Commission to resolve a probe into its role in selling certain collateralized debt obligations, the bank said. JPMorgan says in talks to resolve SEC probe 2011-05-06T13:19:42Z Securities and Exchange Commission to resolve an investigation into collateralized debt obligations. JPMorgan Is in ‘Advanced’ Negotiations to Resolve CDO Probe 2011-05-06T12:17:03Z A term loan A is sold mainly to banks, while a term loan B is sold mainly to non-bank lenders such as hedge funds, mutual funds and collateralized loan obligations. LBO Firms Save $425 Million Cutting Rates in Loan Renaissance 2011-04-26T04:10:52Z The seven-day collateralized lending rate will be left at 4.25%, the bank said in a statement. Iceland Faces Inflation Despite Slowing Growth 2011-04-20T22:39:55Z The report goes into great detail on Goldman’s creation of synthetic collateralize debt obligations tied to residential mortgage-backed securities. DealBook: Finding Goldman at Fault in the Financial Crisis 2011-04-18T17:24:11Z Unlike corporate debt, sales of mortgage bonds, asset-backed securities and collateralized debt obligations have yet to rebound. Bernanke Cash Drives Junk Frenzy as JPMorgan Faces Competition 2011-04-01T11:09:00Z U.S. criminal investigators will step up probes into possible fraud involving collateralized debt obligations and CDS, a federal prosecutor in New York said earlier this month. FSA Said to Review Credit-Default Swaps in Market Abuse Probe 2011-03-25T10:32:31Z Banks don’t generally finance start-ups, and if they do, the loans are well collateralized. You're the Boss: Eight Fallacies of Entrepreneurship 2011-03-23T11:01:01Z If a collateralized debt obligation is then created and backed by parts of previous securitizations, more debt is created. Off the Charts: A Shift in the Balance of Debt Obligations 2011-03-18T18:07:03Z There's some comfort in knowing that they're fully collateralized, backed by the borrower's physical assets. How to Play the Coming Bond Bust 2011-03-18T03:12:00Z Many of the exotic instruments most closely linked to the crisis — from 'collateralized debt obligations' to 'credit-default swaps' — have been swept away by the market and regulators, says Perraudin. Finance: Quantifiable prospects 2011-03-09T18:51:08.387Z Last month, U.S. prosecutors said they would step up probes of possible fraud involving credit default swaps and collateralized debt obligations. FSA Said to Review Credit-Default Swaps in Market Abuse Probe 2011-03-25T10:32:31Z Other sectors of this market, including car loans and collateralized loan obligations, are also showing signs of life. DealBook: Commercial Real Estate Breathes Life Into a Moribund Market 2011-02-28T20:37:22Z "The bank insists that such loans be 100 percent collateralized by deposits in other accounts at the bank," the cable reports. Special Report: U.S. cables detail Saudi royal welfare program 2011-02-28T10:44:05Z Also yesterday, Citigroup Inc., the third-largest U.S. bank by assets, said U.S. regulators are examining how it structured and sold collateralized debt obligations as part of an investigation into mortgage-related businesses. Bank of America, Wells Fargo See Fines, Actions on Foreclosures 2011-02-26T05:18:56Z Then again, Cohen supporters point out that the dinner occurred some five years ago, back when Wall Street was still in a buyout frenzy and collateralized debt obligations hadn't yet become a four-letter word. Special Report: Is Stevie Cohen the Feds' Moby Dick? 2011-02-23T17:04:32Z Some of them bear daunting names such as "synthetic collateralized debt obligations." Corporate groups, Republicans call Dodd-Frank derivative rules bad for business 2011-02-16T01:15:01Z A year earlier he had shorted MBIA, a bond insurance company that he thought was taking on too much risk by guaranteeing faddishly exotic flavors of debt such as collateralized debt obligations. Bill Ackman's Soft Power 2011-02-10T22:00:00Z Gains in the Lehman collateralized loan obligations, which buy high-yield loans and pool them into securities, compare with 12.8 percent for the Standard & Poor’s 500 Index last year. Lehman Lives in CLOs Generating 50% Returns Amid Loans Rally 2011-02-10T05:08:53Z The leverage ratio was designed to target the use of off-balance-sheet vehicles like Special Investment Vehicles, which banks used to leverage up and invest in risky assets like collateralized debt obligations. Is Basel a Threat to Trade? 2011-02-06T21:39:38Z But banks still hold plenty of the bad assets that once spooked investors: mortgage-backed securities, collateralized debt obligations and other risky instruments. Risky Assets Still Lurk at Banks 2011-02-07T00:27:08Z Toronto-Dominion exited a structured products business in 2005, which included collateralized debt obligations, after Clark said he didn’t understand the risks associated with it. Hubris Is Biggest Risk to Banking System, Clark Says 2011-02-03T15:37:05Z Morgan Stanley created collateralized debt obligations, a debt security that’s usually backed by bonds, or corporate loans, and failed to inform the investors that it was a counter- party to the agreements, the investors claimed. Morgan Stanley Urges Judge to Dismiss Singapore Investors’ Suit 2011-02-03T05:24:23Z The commission was right to devote a great deal of space in the report to collateralized debt obligations, the bundles of mortgage-backed securities that were at the heart of the financial crisis. DealBook: In Postcrisis Report, a Weak Light on Complex Transactions 2011-02-02T21:05:53Z The collateralized loan obligations, which buy leveraged loans and slice them into securities of varying risk, are the first to be raised this year. Fed Says Banks ‘Significantly More Upbeat’ on Delinquencies 2011-01-31T19:06:02Z The commission report does a nice job analyzing one synthetic collateralized debt obligation, as a way to represent all the problems caused by these financial Frankenstein monsters. Talking Business: We Got Details, but We Needed a Bottom Line 2011-01-28T23:33:25Z Now, the same gang that brought you the global credit crisis is itching to flex its financial-engineering skills to collateralize irrigation projects and write swaps on desalination initiatives. Hedge Fund Guy’s New Best Friend Is Wet, Wet, Wet: Davos Diary 2011-01-28T04:23:14Z The panel also scrutinized the conflicts of interest—involving Wall Street banks, hedge funds and investors—created by the pools of mortgage debt known as collateralized debt obligations. Report Details Wall Street Crisis 2011-01-28T01:15:08Z For example, Mr. Angelides said, from the third quarter of 2006 on — even with housing prices in decline — the financial industry created $1.7 trillion in mortgage-backed securities and collateralized debt obligations. In Panel?s Report, Stern Warning on Repeating Financial Crisis 2011-01-27T17:00:01Z Moody’s Chief Executive Officer Raymond McDaniel called his company’s ratings of residential mortgage securities and other collateralized debt obligations “deeply disappointing” when he spoke to the commission that same month. Moody’s Assumed 4% Annual Home Price Rises in Bond Rating Model 2011-01-27T02:04:04Z The dissent also suggests that the Democrats were too quick to blame exotic financial instruments, like over-the-counter derivatives and collateralized debt obligations. Dissenters Fault Report on Crisis in Finance 2011-01-27T01:30:01Z Creating collateralized debt obligations and betting against their clients was unseemly, but it wasn’t the cause of the global financial crisis. DealBook: Goldman Sachs's Navel-Gazing Comes Up Short 2011-01-20T01:06:38Z One remedy would be to issue bonds collateralized by taxes actually levied in each participant country. Euro’s Spanish Showdown Needs Some ‘Shock and Awe’: Eric Chaney 2011-01-19T00:04:11Z Tourre referred to himself as "fabulous Fab" and to a collateralized debt obligation product he helped create as "a little like Frankenstein turning against his own inventor." Goldman opens books to scrutiny but no wider shake-up 2011-01-12T04:07:54Z The figure he cited omitted “super-senior” tranches of collateralized debt obligations and financial guarantees known as liquidity puts that allowed customers to sell debt securities back to Citigroup if credit markets froze, the SEC said. SEC Watchdog Probes Enforcement Chief Over Citigroup Settlement 2011-01-11T00:50:24Z His work slicing and pooling mortgage bonds, then selling them to investors as securities called collateralized mortgage obligations, has today mushroomed into a $2 trillion market. The Colossus of Wall Street 2010-12-09T22:00:00Z Nearly all of Bank of America’s loans through the Fed program were at least partly collateralized by low-rated assets. DealBook: How Banks Pawned Junk to the Fed 2010-12-02T21:10:00Z The probe involves complex pools of mortgages and other loans called collateralized debt obligations, or CDOs, slices of which were sold to different investors. SEC, Banks Discuss CDO Settlements 2010-12-02T05:01:00Z The SEC accused the bank of creating and selling collateralized debt obligations linked to subprime mortgages without telling investors hedge fund Paulson & Co helped choose and bet against the debt. Goldman opens books to scrutiny but no wider shake-up 2011-01-12T04:07:54Z This type of transaction is usually financed through some combination of debt and/or private equity investment, with the debt collateralized by the assets of the company. How to Choose an Exit Strategy 2010-10-19T08:03:00Z But the Fed loan was collateralized by aircraft worth billions. Aircraft lessors take financing lesson from crisis 2010-10-05T20:23:00Z Securities and Exchange Commission case must be dismissed because the 2007 "Abacus" transaction, which involved collateralized debt obligations tied to subprime mortgages, took place outside the United States. Goldman's Tourre says SEC suit should be dismissed 2010-09-30T14:22:00Z Goldman was accused of failing to disclose details of something called a synthetic collateralized debt obligation, a term that made readers seek refuge in the sports section. P.R. Missteps Fueled Fiascos at BP, Toyota and Goldman 2010-08-21T22:29:00Z The $13 billion figure¸ the agency claims, omitted the super senior tranches of collateralized debt obligations and liquidity puts, both investments whose value rose and fell with that of the housing market. Citigroup, SEC settle for $75M 2010-07-29T21:14:00Z The $13 billion figure, the agency says, omitted the super-senior tranches of collateralized debt obligations and liquidity puts, investments whose value rose and fell with the housing market. Citigroup agrees to $75 million SEC settlement on subprime mortgage investments 2010-07-30T04:00:00Z Goldman's status as an eligible issuer was brought into question by an SEC lawsuit stemming from Goldman's packaging and marketing of the Abacus 2007 collateralized debt obligation. SEC says Goldman to remain eligible issuer 2010-07-26T17:37:00Z The other accuses Merrill of misleading shareholders about its risk management and exposures to mortgage securities and collateralized debt obligations. New York State Sues Bank of America and Merrill Over Merger 2010-07-23T00:50:00Z The civil fraud charges stemmed from Goldman's marketing and packaging of the Abacus collateralized debt obligation. Goldman Sachs posts lower earnings on SEC pact cost 2010-07-20T13:14:00Z Enforcement Easier The S.E.C.’s $550 million settlement with Goldman Sachs, involving disclosures related to a collateralized debt obligation sold to clients, shows that enforcement remains one of its most important jobs. A New World Begins for Wall Street Oversight 2010-07-19T16:00:00Z The bank did, however, manage to rid itself of the last remaining slivers of toxic collateralized debt obligations, the complex mortgage securities caused it to nearly collapse. Citigroup?s Income Falls Amid Slowdown in Trading 2010-07-16T16:50:00Z Judge Stein let the plaintiffs pursue claims that Citigroup failed to properly disclose exposure to $66 billion of collateralized debt obligations backed by subprime mortgages and did not reserve enough for residential mortgage losses. Citigroup Loses Bid to Dismiss Bondholders? Suit 2010-07-12T22:53:00Z The bondholders claim the New York bank failed to disclose its exposure to $66 billion worth of collateralized ... Citi Bondholder Suit Can Proceed 2010-07-12T17:37:00Z Securities and Exchange Commission on April 16 with civil fraud stemming from its marketing and packaging of the Abacus collateralized debt obligation. Goldman's Cohn spending more time with clients 2010-06-30T23:36:00Z On April 16, the SEC charged Goldman with civil fraud relating to the Abacus collateralized debt obligation, an investment product linked to the performance of a group of mortgages. Goldman's Cohn, AIG face crisis panel 2010-06-30T12:22:00Z Counterinsurgency is the military’s equivalent of the financial sector’s relationship with collateralized debt obligation, or CDOs. Rolling Stone Article's True Focus: Counterinsurgency 2010-06-23T20:03:00Z Goldman is also facing a spate of shareholder lawsuits stemming from the big plunge in its stock in the wake of the SEC lawsuit over the Abacus 2007 collateralized debt obligation. Special Report: Saving Goldman Sachs 2010-06-23T16:24:00Z The allegations involve four multibillion-dollar collateralized debt obligations, the type of pooled securities that are the focus of the SEC's civil fraud charges against Wall Street titan Goldman Sachs. SEC files civil fraud charges against ICP Asset Management 2010-06-22T04:00:00Z The case against ICP examines the last party in that chain, a firm that managed complex deals known as collateralized debt obligations, or C.D.O.’s. S.E.C. Accuses ICP Asset Management of Fraud 2010-06-21T15:10:00Z Lazier investors piled into collateralized debt obligations on the strength of their triple-A seal of approval. Learning to Love Hedge Funds 2010-06-12T02:25:00Z The lawsuit filed on Wednesday accuses Goldman of misrepresenting the value of the notorious Timberwolf collateralized debt obligation, which garnered a lot of attention during a recent congressional hearing. Goldman sued by hedge fund over notorious CDO deal 2010-06-10T01:02:00Z Securities and Exchange Commission sued Goldman in April for civil fraud in connection with the structuring and sale of a $1 billion collateralized debt obligation. Commission serves Goldman with subpoena 2010-06-07T15:36:00Z One additional challenge for Mr. Lippmann could be his role in transactions involving collateralized debt obligations, the people say. Hotshot Traders Leave Wall Street 2010-06-03T13:50:00Z The rules on rating agencies also would affect financial institutions that issue instruments like collateralized debt. European Panel Suggests Centralized Ratings Oversight 2010-06-02T17:40:00Z Morgan Stanley had the good grace to report, and explain, a $10 billion loss related to collateralized debt obligations in 2007 in the middle of a week. Reuters Breakingviews: For A.I.G., Bailout Haunts Any Deal 2010-06-02T05:50:00Z And that doesn't include any fees he's collecting on the more than 100 CLOs -- collateralized loan obligations -- he services in a similar capacity. For some people, CDOs aren't a four-letter word 2010-05-27T12:27:00Z “It engages in things like trying to rebuild the Glass-Steagall firewall, trying to properly regulate collateralized debt obligations, trying to put the appropriate leverage limitations on banks.” Senate Moves to Add Credit Scores to Free Reports 2010-05-17T23:31:00Z Derivatives Trading The scrutiny of Wall Street trading practices involving securities like collateralized debt obligations is the most advanced investigation at this point. A Scorecard on Wall Street's Legal Troubles 2010-05-17T13:40:00Z So it goes with collateralized debt obligations, or C.D.O.’s, which are bonds, loans and other assets that the Street pools together and sells as packages of securities. Fair Game: How C.D.O.?s Helped Bring Down a Credit Union 2010-05-15T19:24:00Z The desk trades collateralized loan obligations, or repackaged corporate loans, and is being merged with a desk that trades these instruments for clients, the source said. Goldman committee to review firm's conflicts 2010-05-14T22:53:00Z That innovation now looks to be every bit as good an idea as the concept of synthetic collateralized debt obligations. High & Low Finance: Time for Regulators to Impose Order in the Markets 2010-05-14T00:30:00Z In the run-up to the financial crisis, with real estate prices peaking, agencies assigned high ratings to complex debt instruments issued by banks -- such as collateralized debt obligations, or CDOs -- backed by subprime mortgages. Senate Wall St reform bill hits credit raters 2010-05-13T19:43:00Z “The models were posted for bankers who develop C.D.O.’s to be able to reverse engineer C.D.O.’s to a certain rating,” one former rating agency employee said in an interview, referring to collateralized debt obligations. Cuomo Is Said to Question Banks? Influence on Ratings 2010-05-13T04:56:00Z Goldman was among many big players in the market for synthetic collateralized debt obligations, the complex mortgage securities at the heart of the S.E.C.’s civil fraud suit, he said. Corzine Starting Small in Bid for Redemption 2010-05-13T01:01:00Z Among companies in focus, Morgan Stanley dropped 5% in premarket trading after the Wall Street Journal reported the bank is under investigation for collateralized debt obligations it underwrote that its trading desk bet against. Futures Up; Morgan Stanley Tumbles 2010-05-12T12:48:00Z Morgan Stanley arranged and marketed to investors pools of bond-related investments called "collateralized debt obligations," or CDOs, and its trading desk at times placed bets that their value would fall, traders say. U.S. Investigates Morgan Stanley Deals 2010-05-12T04:05:00Z It said it anticipates additional shareholder actions and other investigations related to its offerings of collateralized debt obligations, which are at the heart of Securities and Exchange Commission charges against the firm. Goldman warns of more litigation, investigations 2010-05-10T12:20:00Z Contrast that with, say, collateralized debt obligations, whatever those are, or the concept of collecting insurance on bad investments made by other people--so-called credit-default swaps. Gold: All That Glitters May Not Make Your Fortune 2010-05-09T17:10:00Z The synthetic collateralized mortgage obligation was specifically designed to be sold as a bet that real estate prices would fall and mortgage defaults soar while the buyers were gambling that the market wouldn't crater. Financial Innovation Is Dangerous But Necessary 2010-05-07T22:00:00Z The SEC alleges that Goldman failed to tell clients looking to invest in the housing market important details about an investment opportunity the bank was touting, known as collateralized debt obligation. Goldman Sachs now hit with 6 shareholder suits 2010-05-04T04:00:00Z Synthetic collateralized debt obligations are impenetrable on purpose, built for maximum opacity. It?s Complicated: Making Sense of Complexity 2010-05-01T20:10:00Z Consider synthetic collateralized debt obligations -- which describes bets made on a bundle of securities tied to home loans -- like Abacus. Big Money: Debunking the myth of the ????sophisticated investor' 2010-05-02T04:00:00Z Securities and Exchange Commission filed fraud charges against the firm, claiming Goldman misled investors in a $1 billion collateralized debt obligation deal known as Abacus 2007-AC1. Goldman's troubles may hurt money management unit 2010-04-30T16:03:00Z The SEC lawsuit against Goldman concerns collateralized debt obligations in transactions known as Abacus. U.S. starts criminal probe into Goldman trading: report 2010-04-30T00:30:00Z Goldman said in its filing Monday that it expects more "regulatory and other investigations and actions commenced, with respect to offerings of collateralized debt obligations." Goldman Sachs now hit with 6 shareholder suits 2010-05-04T04:00:00Z At the center of that case are synthetic collateralized debt obligations, complex financial instruments which many say played a big role in making the financial crisis worse by providing more securities to bet against. Do C.D.O.'s Have Social Value? 2010-04-27T23:57:00Z Top Democrats said it helped to put a face on an economic calamity that is as complicated as a synthetic collateralized debt obligation. Political Memo: Democrats Use Goldman to Push Bank Overhaul 2010-04-28T00:28:00Z This included residential mortgage-backed securities, collateralized debt obligations and credit default swaps. Deutsche Bank faces U.S. mortgage securities suit 2010-04-27T09:37:00Z He said Reisner's skill would be valuable in the Goldman case, which involves a complex financial instrument known as a synthetic collateralized debt obligation. SEC gathered range of experts for Goldman case 2010-04-26T04:00:00Z Of course, Goldman had another group of clients who were purchasing the collateralized debt obligation, so the firm was caught between them. What to Watch at Senate's Hearing on Goldman 2010-04-26T16:45:00Z Synthetic collateralized debt obligations, the product regulators are now scrutinizing, are a typical example. Do C.D.O.'s Have Social Value? 2010-04-27T23:57:00Z The fraud charges were merely the final straw in the building resentment against Goldman Sachs; synthetic collateralized debt obligations, after all, aren’t the stuff of backyard barbecue chatter or debates at a bar. Letter From Washington: Scarlet Letter for the Greed Generation 2010-04-25T15:30:00Z Eric Kolchinsky said he thinks he lost his position as a managing director at Moody's because he raised concerns about some complex investments known as collateralized debt obligations. Former credit-rating firm executives say they were told to cut corners 2010-04-24T04:00:00Z The investment at issue in the Goldman case is known as a synthetic collateralized debt obligation, which describes bets made on a bundle of securities tied to home loans. SEC confident on IKB part of Goldman Sachs lawsuit 2010-04-24T04:00:00Z They are "collateralized" in that they are backed by loans, bonds, or other real assets. Goldman Wasn?t Alone 2010-04-23T05:00:00Z They were particularly concerned about models rating collateralized debt obligations like Abacus. Rating Agencies Shared Data, and Wall St. Seized on It 2010-04-24T02:39:00Z When he wanted to take bigger positions, he worked with firms such as Goldman to think up synthetic collateralized debt obligations that were tied to the fate of other mortgage securities. Wall Street heavyweight John Paulson under SEC glare in Goldman case 2010-04-22T04:00:00Z The Goldman collateralized debt obligation fetched top ratings from S&P and Moody's, even though it was backed by subprime loans issued by a financial firm with a shoddy reputation, the subcommittee found. Raters had qualms over deals by Goldman 2010-04-23T01:50:00Z It may have been legal for Goldman to put together synthetic collateralized debt obligations, known as C.D.O.’s, to allow people to bet on the collapse of the housing market. High & Low Finance: Favorable Timing Helps to Seal a Deal 2010-04-22T23:45:00Z Because they were encapsulated in one of Wall Street's most opaque investment creations ever: synthetic collateralized debt obligations, or CDOs. The Case Against Goldman Sachs 2010-04-22T08:00:00Z Others relabeled parts of collateralized debt obligations in two ways so they would not be recognized by the computer models as being the same, these people said. Rating Agencies Shared Data, and Wall St. Seized on It 2010-04-24T02:39:00Z Deutsche was also one of the most active promoters of so-called synthetic collateralized debt obligations, which used derivatives to help investors bet on housing. Deutsche Trader Steps Down 2010-04-21T03:54:00Z "Unless derivatives contracts are collateralized or guaranteed, their ultimate value also depends on the creditworthiness of the counterparties to them." A primer on financial derivatives 2010-04-21T04:00:00Z But now, after so much financial pain, Wall Street is nervously tallying the potential legal costs from its misadventures in collateralized debt obligations, known as C.D.O.’s, among the most toxic financial instruments ever devised. Questions for Banks That Put Together Complex Deals 2010-04-21T01:41:00Z A party like ACA Management, the third-party manager of the Abacus collateralized debt obligation in question, was “no mindless dupe that could be easily manipulated,” they wrote. The Goldman Defense: Caveat Emptor 2010-04-19T17:22:00Z Securities and Exchange Commission alleged that Paulson & Co worked with Goldman Sachs in creating a collateralized debt obligation, and stood to benefit as its value fell, costing investors more than $1 billion. Paulson to buy about 13 percent stake in American Capital 2010-04-19T16:06:00Z And so they began to sell credit-default swaps and package those into collateralized debt obligations. ?The Big Short? by Michael Lewis; and ?The End of Wall Street? by Roger Lowenstein 2010-04-17T02:17:00Z Most major Wall Street banks also created collateralized debt obligations, which are at the heart of the Goldman case. For Goldman Sachs, a Winning Bet Carries a Price 2010-04-17T17:50:00Z Unlike a “normal” collateralized debt obligation, which contained the bonds themselves, the synthetic version contained credit-default swaps — that “referenced” a particular group of mortgage bonds. Talking Business: Bet Dreamed Up by Wall Street Made Crisis Worse 2010-04-17T03:07:00Z Losses intensified after the Securities and Exchange Commission charged Goldman, and London-based French employee, with securities fraud relating to the sale of a collateralized debt obligation. European Stocks Feel Heat From Goldman; Thai Stocks Fall Again 2010-04-16T18:54:00Z The SEC alleged that Goldman structured and marketed a synthetic collateralized debt obligation that hinged on the performance of subprime residential mortgage-backed securities, and which cost investors more than $1 billion. Goldman Sachs charged with fraud by SEC 2010-04-16T15:31:00Z In addition to dry powder held by the biggest private equity firms, banks are eager to lend again — even without demand from collateralized loan obligations to stoke the buyouts. Reuters BreakingViews: Big Leveraged Buyouts May Soon Make a Comeback 2010-04-16T03:06:00Z The derivatives that contributed to the financial and housing crisis — credit-default swaps and collateralized debt obligations — were mostly unregulated, with no public reporting of prices or volumes of trades. Bill Would Require Derivatives Trading to Occur on Exchanges 2010-04-14T00:57:00Z This is meant to keep future financial time bombs, like the no-documentation loans and collateralized debt obligations of the past decade, from becoming rife. Magazine Preview: Heading Off the Next Financial Crisis 2010-03-25T18:34:00Z In this case the culprit was a financial instrument called a collateralized loan obligation, which helped issuers repackage corporate loans much as subprime mortgages were sliced, diced and then resold to other investors. Payback Time: Avalanche of Maturing Junk Bonds Looms for Markets 2010-03-15T22:38:00Z Analysis of the Federal Reserve Survey of Consumer Finances shows that 18% of business-owning households used personal assets to guarantee or collateralize business debt. Real Estate's Link to the Small Business Credit Crunch 2010-03-05T17:17:00Z The SEC has said it has more than 50 probes involving credit default swaps, collateralized debt obligations and other derivatives-based instruments. SEC examines destabilizing effects of CDS 2010-02-25T21:19:00Z For all the damage synthetic collateralized debt obligations have done, no one has ever been killed by one. Congressional Kabuki 2010-02-25T05:00:00Z The insurance company is MBIA, the once-dominant insurer of municipal bonds that went badly off course when it decided to insure things like mortgage-backed securities and collateralized debt obligations. High & Low Finance: Equality at Issue for MBIA 2010-02-19T05:44:00Z There was even something similar to the exotic C.D.O.’s, or collateralized debt obligations, that failed so spectacularly. 2010-01-29T07:52:00Z According to the NFIB's report, Small Business Credit in a Deep Recession, 16% of small employers use a residential mortgage to finance a business and 6% use their homes to collateralize business assets. Real Estate's Link to the Small Business Credit Crunch 2010-03-05T17:17:00Z He oversaw TCW's collateralized debt obligation products that have suffered billions of dollars in losses and contributed to the failure of AIG. 2010-01-19T17:50:00Z The new agreement includes a one-year cash collateralized letter of credit facility of $100 million. 2010-01-19T15:59:00Z The write-downs resulted largely from deterioration in the loans underlying collateralized debt obligations built from securities backed by residential mortgages, as well as a revaluing of credit default swaps and other financial liabilities. 2010-01-13T10:07:00Z In one such situation, raised in my column on Tuesday, Goldman created and sold bundles of mortgages known as collateralized debt obligations while at the same time selling them short. 2010-01-12T18:23:00Z The contracts were tied to bundles of mortgage bonds known as collateralized debt obligations, or C.D.O.’s. 2010-01-23T05:45:00Z It also appears that the New York Fed instructed AIG not to mention the nearly $10 billion of synthetic collateralized debt obligations that remained on its books. 2010-01-08T05:00:00Z According to Shannon's e-mails obtained by Issa, the New York Fed suggested that AIG refrain in a filing from mentioning so-called synthetic collateralized debt obligations, which bundled derivative contracts rather than actual loans. 2010-01-08T01:18:00Z |
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