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US prosecutors set to bring CDO mispricing charges, reports FT
Wednesday, February 1, 2012
The Financial Times reports that US federal prosecutors are close to bringing charges against two former Credit Suisse traders who are alleged to have mispriced mortgage-related securities in 2008. The article says that the unnamed traders will plead guilty to the charges.
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Trading
Structured
CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
