Hints and tips:
...In spite of its overall strong performance, Buffett spent part of his letter bemoaning mis-steps....
...A version of this article was first published by the Nikkei Asian Review on January 1 2020. @2020 Nikkei Inc....
...Mitsubishi Heavy’s history of high-profile international mis-steps may be fuelling scepticism as well....
...Good governance advocates are hoping that WPP’s shareholders will use its June 13 AGM to follow the example of investors in FTSE 250 construction group SIG....
...The claim centres on the alleged mis-selling of loans that sent a number of companies into insolvency when borrowing costs soared....
...Even rank outsiders such as Sany Heavy, a maker of construction machinery, and Cui Jian, a rock star, are getting in on the smartphone action....
...The investment bank had been among half a dozen big banks charged with mis-selling by the DoJ....
...States and municipalities that used to subsidise riskier construction projects are now struggling to do so because of their own economic troubles....
...Because Goldman and Morgan Stanley are investment banks, they cannot easily provide relief to strapped homeowners, so they may end up financing new construction....
...Balfour Beatty feels the same about Carillion, another construction company....
...Employers expect to increase staff in every sector except construction, according to a quarterly survey of 2,100 companies by ManpowerGroup, a recruitment company....
...The news came in the same week that the FT uncovered that the task force that reached the $13bn pact with JPMorgan Chase over the mis-selling of mortgage-backed securities is investigating other US and...
...(Bloomberg) China Construction Bank’s profit growth slows: The world’s second-largest bank by market value reported profit growth of 12.4% for Q3, due to rising defaults and weaker fee income....
...RBS will set aside another 125m in provisions for PPI mis-selling compensation, says Reuters, citing a person familiar with the matter, taking its total allocation to more than 1bn....
...But BofA is facing difficulties in selling its 10 per cent stake in China Construction Bank....
...Italian industry could wreck plans to save euro - Lloyds starts legal moves to retrieve part of a £1.45m bonus awarded to former boss Eric Daniels shortly before bank was forced to put aside £3bn for mis-selling...
...In our coverage, EWBC, SNV, ZION, UCBH, BBT, MI, CMA, and RF all have over one-third of their loan portfolios in CRE/construction loans....
...In September of last year, Beazer Homes, without admitting or denying any wrongdoing, reached a settlement with the SEC which had alleged that the company had “fraudulently mis-stated its net income” for...
...It has been here before with structured products, in 2003, when it pursued organisations for mis-selling so-called precipice bonds....
...He says Coutts mis-sold the bonds, arguing that their underlying investments contained more risk than he had wanted to take....
...Authorities in Hong Kong are busy investigating whether local banks mis-sold mini-bonds, or credit-linked securities, guaranteed by Lehman Brothers, which are almost worthless....
...Sanyo faces possible de-listing from the Tokyo Stock Exchange after mis-stating financial results....
...Insurers suffered too after auditors said one of their US counterparts, American International Group, had mis-valued its credit derivatives portfolio....
...I made a mis-statement. I said a comment that I would take back.”...
...China Construction Bank has never held talks with Bear Stearns about investing in the US investment bank, the head of the Chinese lender said on Sunday....
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