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,.
KKR in deal to buy 70 pct of Melbourne office project
- Per the definitive agreement, Kohlberg Kravis, in partnership with Abacus, will buy a controlling stake in Towers 2, 3 and 4 of the WTC complex, which adds up to 70% of the total ownership interest. The seller company will retain the remaining ownership.
- The deal, KKR's first real estate investment in Australia, sees the firm and Abacus buy an interest in Towers 2, 3 and 4 of the World Trade Centre, in a deal which will provide an initial yield of 9.3 percent a year, Abacus said. KKR has previously
- Abacus & KKR buy into World Trade Centre (00:52). Abacus Property Group (ASX:ABP) buys a stake in the World Trade Centre, Melbourne with global private equity firm KKR. 19/08/14. Return to video