Latest news:

European CLO triple As hit 146
Benefit Street prices new US BSL CLO
Ares prices its first BDC CLO
Middle market portfolios aren't immune to rate stress, according to new research
Sona prices CLO number two
Another 2016 vintage CLO gets reset as Octagon stays busy
Neuberger Berman resets 2016 vintage for second time
Beach Point brings in tight price for third US CLO
WAMCO keeps the resets rolling with rework of 2023 CLO
Elmwood resets 2021 vintage US CLO
Ares add new European CLO to its roster
Sona returns to debut CLO to draw-down single B tranche
Blackstone makes it three new European CLOs this year
Palmer Square paves new ground pricing BSL BDC CLO
Onex resets static 2023 vintage CLO
Debtwire FY23 US Direct Lender Rankings
AXA wins USD 400m for SRT strategy from US pension fund
Blue Owl brings sovereign wealth fund deputy CIO onboard
Voya refis 2018 vintage CLO
New Ares CLO keeps pricing tight

Wilmington Trust faces legal action over loan accounting practices

Monday, January 11, 2016

Wilmington benefited from a Tarp bailout, but it allegedly abused the US government's trust by misrepresenting its loan portfolio, reports Reuters

Comment by: Anonymous. Posted 8 years ago [2016-01-12 02:01:56]

It's odd that Reuters reports "M&T was not charged ...." Whenever there's a charge against the old Bear Stearns, it's always worded as a suit against JPM. Or think Countrywide or Merrill versus BAML. Why the sudden sensitivity to protecting the name of the acquirer? If anything, M&T should have seen the problems at Wilmington in its due diligence.

Funds

Debtwire FY23 US Direct Lender Rankings 4 days ago
AXA wins USD 400m for SRT strategy from US pension fund 4 days ago
Blue Owl brings sovereign wealth fund deputy CIO onboard 4 days ago
Australian private credit fund-of-funds launched for retail investors 6 days ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 6 days ago

more stories...