Items Tagged with 'Lehman'


  • RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers

    BlackRock, Goldman Sachs among institutional investors in settlement
    The trustees in a series of residential mortgage-backed securities trusts reached a settlement with the remains of Lehman Brothers Holdings that could be worth more than $2.4 billion over claims that the trust contained toxic mortgages. Also taking part in the settlement are 14 institutional investors, including: BlackRock Financial Management, the Federal Home Loan Bank of Atlanta, and Goldman Sachs Asset Management.
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  • Federal Home Loan Bank of New York will pay $70 million to Lehman Bros. in settlement

    Lehman claimed that FHLBNY undervalued interest rate swaps when firm collapsed
    The Federal Home Loan Bank of New York agreed to pay $70 million to the bankruptcy estate of Lehman Brothers to settle charges that the bank undervalued interest rate swaps it held with Lehman as the company collapsed in 2008. Here are the details on the settlement.
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  • JPMorgan Chase to pay nearly $800 million in final Lehman Brothers settlement

    Pushes total settlement costs well above $2 billion
    JPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse. JPMorgan Chase’s final settlement payout checks in at well above $2 billion.
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  • Former Lehman CEO Dick Fuld breaks auction record with ranch sale

    Sets new record for most expensive property sold via auction
    The sale of a luxury ranch owned by former Lehman Brothers CEO Dick Fuld just set a new record for the most expensive property ever sold via auction. The ranch was expected to fetch $30 million and $50 million, but how much did it actually sell for?
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  • Lehman Brothers suing over crisis-era toxic mortgages

    Asks judge to cancel claims by Syncora Holdings and U.S. Bancorp
    Lehman Brothers Holdings filed suit against Syncora Holdings, U.S. Bancorp and GreenPoint Mortgage Funding in an effort to try to get “duplicate” claims filed by those three companies against Lehman Brothers thrown out because Lehman Brothers is ready to settle and move on.
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  • New FOMC minutes reveal tough calls in 2008

    Fed presidents unsure of what could happen
    The Federal Reserve released the minutes from 2008 at the Federal Open Market Committee and gave a look inside the monetary decisions taking place during the worse economic downturn in a generation.
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  • The BofA-GSE settlement: Were we robbed, or not?

    The year started with a big surprise — the Jan. 3 announcement that Bank of America [stock BAC][/stock] had reached an agreement with Fannie Mae and Freddie Mac on "substantially" all currently outstanding repurchase requests on loans sold by Countrywide to the government-sponsored enterprises.
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  • Credit Crisis Litigation Doubles in 2008: Report

    Beyond billions in writedowns, the credit crisis produced a jaw-dropping 576 new litigation matters filed in U.S. federal courts in 2008, according to a report released Wednesday by Navigant Consulting, Inc., a global consulting firm providing dispute, investigative, operational, risk management and financial advisory solutions.
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