(Bloomberg) U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them ...
June 28 (Reuters) - Collateralized debt obligations, or CDOs, are a rapidly growing class of securities created by bundling portions of other bonds into a new, more diversified structure that spreads ...
For the third time in just a few months, Merrill Lynch has taken a huge, multi-billion-dollar "writedown" on its investments in mortgage-backed securities. Banks are suffering big losses because of ...
The market for collateralized debt obligations faces more downgrades as losses on mortgage-backed securities prompt Fitch Ratings to overhaul the way it assesses the risk of CDOs based on company debt ...