Items Tagged with 'CalPERS'


  • RBS reaches $125 million mortgage bond settlement with California

    Settlement covers “misrepresentations” of RMBS sold to state pension funds
    Earlier this year, the Royal Bank of Scotland finally reached a $5.5 billion settlement with the Federal Housing Finance Agency over alleged violations of federal and state securities laws in connection with private-label residential mortgage-backed securities trusts purchased by Fannie Mae and Freddie Mac from 2005 to 2007. But RBS’ legacy issues are not done and dusted yet.
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  • California accuses Morgan Stanley of pushing toxic mortgage bonds

    Attorney General claims violations of False Claims Act
    The state of California filed suit against Morgan Stanley over alleged misrepresentations of the quality of pre-crisis mortgage bonds that cost the California Public Employees Retirement System and the California State Teachers Retirement System hundreds of millions of dollars.
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