September 11, 2013
The investment bank subsidiary of French bank Credit Agricole SA has escaped a $180 million suit over an allegedly built-to-fail mortgage-backed security that imploded during the financial crisis, according to a New York federal court ruling made public Tuesday.
October 02, 2012
Financial Guaranty Insurance Co. hit Putnam Advisory Co. with a complaint Monday alleging the Boston-based investment adviser fraudulently induced FGIC to insure $900 million of credit protection in a collateralized debt obligation whose assets had actually been selected for their weakness.