U.S. probes banks on sale of risky securities: report
U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, the New York Times reported on Wednesday. Read Full Article here.
Citigroup repays $20 billion to U.S.
Citigroup Inc repaid $20 billion to the United States, as the bank works to reduce government involvement in its compensation practices. Read Full Article here.
Star Trek the most-pirated film of 2009
Paramount's worst fears are confirmed: Star Trek was the most pirated film of 2009, according to a new report. Read Full Article here.
Memory chip shortage seen in H2 2010: DRAMeXchange
Memory chips for computers are likely to be in short supply by the second half of next year as consumers demand more capacity and companies embark on a delayed drive to replace PCs, industry tracker DRAMeXchange believes. Read Full Article here.
New securitization landscape seen for ABS
As the recovering U.S. asset-backed market heads toward the new year, concerns remain that overregulation may deliver a setback to a full recovery. Read Full Article here.
U.S. pay czar Feinberg OKs compensation at some bailout firms
U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid. Read Full Article here.