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...In 2016, a trio of private equity firms that had paid almost $7bn for the toy retailer 11 years earlier offered owners of about $600m of unsecured bonds new debt that came sweetened with a stronger claim...
...While many of the borrowers had questionable personal credit ratings, the CWABS Asset-Backed Certificates Trust 2005-11 were deemed much safer credits....
...(Financial Times) Six banks sued over trustee roles: A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed...
...“Trust was shaken today,” Deutsche Bank chief european economist Thomas Mayer told the New York Times. As one executive of a major global bank said later, “It was something none of us had experienced....
...More legal wrangling until June 2011, when BofA agrees a settlement with trustee Bank of New York and a group of 22 large institutional investors for 530 pools of securitised morgages — including those issued...
...In April 2008, just as shares in the new drinks company were to start trading in New York, Mars announced that it had agreed to buy Wrigley for £11.5bn ($23bn). Cadbury had been eclipsed....
...A group of investors has sued HSBC and Bank of New York Mellon, alleging that the banks failed to protect Hong Kong buyers that bought into complex derivative instruments known as “minibonds” linked to the...
...One indenture trustee suit: The Company has been named as a defendant in a case filed in the Delaware Court of Chancery by the Bank of New York Mellon in its capacity as indenture trustee with respect to...
...Among banks in the news, Bear Stearns rose 2 per cent to $107.50 and traded at a high of $109.56....
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