Apr 19
The SEC would be interested in other banks
The Securities and Exchange Commission (SEC), which was Friday questioned the investment bank Goldman Sachs in a fraud case, is interested in other institutions that might have misled their investors about the nature of certain loans, according The Wall Street Journal. Several banks have had the same path as Goldman Sachs, creating financial products that allow for strategic customers such as hedge funds bet on the collapse of property prices at the same time where others were betting on further increases.The Deutsche Bank, UBS, Merrill Lynch or today came under the leadership of Bank of America, and could also interest Constable of U.S. financial markets, according to information from the Wall Street Journal.
For its part, the New York Times estimated that the case Goldman Sachs also shows the great return of the SEC at the front of the stage, while the institution had remained in the shadows in recent years.
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