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3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

By Peter Fearon, Newser Staff

Posted Aug 22, 2008 2:23 AM CDT

(Newser) – Merrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that... Read full story »

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3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

Citigroup • Goldman Sachs • Wachovia • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • SEC • Andrew Cuomo • John Thain • auction-rate securities • JPMorgan Chase

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10 Banks Form $70B Fund to Stave Off Crash

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They're near deal to settle allegations on mortgage-bond deals

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