SEC in Talks to Settle Mortgage-Bond Probe

by Hugh Collins on Dec.02, 2010, under Towing

Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported.

The probe focused on the sale of pools of mortgages and other loans as collateralized debt obligations, or CDOs, to investors, The Wall Street Journal reported without naming its sources. The investigation involves banks including Citigroup Inc….

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SEC in Talks to Settle Mortgage-Bond Probe originally appeared on DailyFinance on Thu, 02 Dec 2010 08:23:00.

Filed Under: Company News, JP Morgan Chase, Goldman Sachs , Morgan Stanley , Citigroup, Credit, Market News