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Entries tagged "subprime crisis"NY Times writer and his mortgage woesNew York Times economics writer Edward Andrews' feature about his mortgage and financial trouble received plaudits from other financial journalists. Sidhu to the rescue of troubled Florida bankIt seems a little premature of Deal Zone to declare ousted Sovereign Bancorp CEO Jay Sidhu "the comeback kid," but he certainly seems to be building a new foundation for a return. ... Breaking up is the thing to do for UBSSwitzerland's UBS took a small step toward a breakup Tuesday, unveiling plans to make its three key units autonomous to improve flexibility and avoid the pitfalls that made it Europe's biggest casualty of the global credit crisis. ... Corrigan on the inadequacies of regulatorsAnother regulatory alum chimes in. On Wednesday, former New York Fed chief and current Goldman, Sachs & Co. (they're everywhere!) risk macher Gerald Corrigan weighed in with a load of mostly sensible proposals under the aegis of the felicitously named Counterparty Risk Management Policy Group. Corrigan's group has been worrying about the situation for a while now, particularly about CDOs and credit derivatives, proof of sorts that not everyone was gulled by the fancy stuff. The problem with the reforms tossed out, as The Wall Street Journal reported, is that while everyone is frantically bailing, no one has the time... Hats in hand, Wall Street details plan to prevent future crisesSenior executives at some of the largest U.S. investment banks Wednesday suggested for reforms aimed at preventing a reprise of the risky behavior that led to today's financial market turmoil. ... Handicapping those Freddie Mac CEO contendersThe New York Times' DealBook offered on Tuesday a look at the possible candidates for the top job at troubled Freddie Mac. We don't know if DealBook, which cited unnamed sources for the suspiciously short list, has a clue. But we do know that candidate lists for big, troubled government sponsored enterprises aren't exactly common, so we'll give it a spin.... UBS clears the decksTroubled Swiss lender UBS on Tuesday announced the resignation of four board members as it attempts to reshape its leadership and get back on track after disastrous investments in the U.S. subprime mortgage market. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "subprime crisis." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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