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Eight Banks Face Us Investigation


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Eight banks face US investigation

Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands.

New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain a better ratings for risky securities.

The banks under investigation are believed to include Goldman Sachs and Morgan Stanley. "

http://news.bbc.co.uk/1/hi/business/10115471.stm

Shreddy, shreddy....

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Eight banks face US investigation

Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands.

New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain a better ratings for risky securities.

The banks under investigation are believed to include Goldman Sachs and Morgan Stanley. "

http://news.bbc.co.uk/1/hi/business/10115471.stm

Shreddy, shreddy....

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