Trust Goldman Sachs to make a record fine look like a good result
Bank of America, Citigroup, BNP Paribas and JPMorgan are all universal banks. The FHFA got Bank of America Merrill Lynch to pay $6bn and made it buy back . some mortgage securities. And then there is the big one: towards the end of last year JPMorgan had to. cough up a massive $13bn (unlucky for some), including $4bn related to. issues around mortgage securities. Earlier this month, BNP Paribas had to pay nearly $9bn and plead guilty to a. criminal charge for helping clients to evade US sanctions. which offer a wider range of services than a pure-play investment bank such. The French bank. of the loans it was turning into securities had a decided whiff about them. as Goldmans and therefore have the potential to get into bigger trouble when. was also banned from conducting US dollar-clearing transactions for a year,.
Abacus Adds Los Angeles Office
- Abacus Finance Group LLC has provided $20 million in senior credit facilities to back Thompson Street Capital Partners' acquisition of TriStar Global Energy Solutions Inc. Based in Houston, TriStar provides hydrocarbon cleaning and decontamination
- Hosted IT solutions provider Abacus Group has opened a new office in Los Angeles, its second in California. The New York-based vendor already has offices in San Francisco and Old Greenwich, Conn. According to the vendor,the expansion comes on the
- The abacus bashers expect the company to deliver growth of 22% in the 12 months concluding March 2015, creating an appealing P/E multiple of just 14 times. And expansion to the tune of 5% and 10% in 2016 and 2017 pushes this figure to 13.7 times and