HSBC is sued over valuation of fund's bonds

Article Abstract:

US real estate investment firm Luminent Mortgage Capital Inc. has sued the UK's HSBC Holdings PLC, alleging that HSBC's valuation of certain subprime mortgage bonds was inappropriately low, and bought the bonds at below their fair value, profiting at the fund's expense.

Real estate investment trusts, Real Estate Invest Trusts, United Kingdom, Economic aspects, International aspects, Unfair competition (Commerce), Unfair competition, HSBC Holdings PLC, Subprime loans, Luminent Mortgage Capital Inc., LUM

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Invesco, AIM settle trading-abuse cases

Article Abstract:

Invesco Funds Group Inc. and AIM Investments, both units of Amvescap PLC of London, have agreed to pay a total of $375 million in penalties and restitution. The firms have faced allegations that they allowed favored investors to trade ahead of regular investors.

Management investment, open-end, Mutual fund industry, INVESCO Funds Group Inc., AIM Investments

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Germans won't have easy case against Citigroup on bond deal

Article Abstract:

Citigroup Inc. is being tried for a European government securities trade that allegedly resulted in market manipulation by prosecutors in Germany.

Europe, Germany, Citigroup Inc., C

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