companies-other

Wells Fargo 2016 1209 – NYT – Accusations of Fraud at Wells Fargo Spread to Sham Insurance Policies, By Stacy Cowley and Matthew Goldstein – [link] Prudential, Whistleblowers, MyTerm

Crédit Lyonnais 2011 – NYT – A.I.G. Unit and a French Bank Settle a Lawsuit Credit Agricole SA bought Credit Lyonnais in 2003 Leon Black,  Soon after, executives of the French bank Crédit Lyonnais reached out to Black about teaming up on a venture that would try to replicate Drexel’s success.  He and Crédit Lyonnais went big,…

Merrill Lynch LTCM – Long Term Capital Management Monarch Money Market Funds CDO’s – 2008 2010 0304 – FCIC – Notes from Michael Lewis Interview on the topic of the Origins of CDOs markets in Nonbanks – 1p The Merrill Lynch CDO machine was bigger, and produced CDOs of vastly inferior quality, to those of the…

Citigroup Citibank 1988 – Primerica A L Williams Smith Barney Morgan Stanley 1998 – Citicorp +Travelers Group = Citigroup 2002 – Travelers spun off from the company  Richard M. Bowen III, Senior Vice President  the chief underwriter of Citigroup’s Consumer Lending Group John C. Dugan, Chairman – 2010-Current (as of 2023) 1985-1989 – minority counsel and…

Countrywide LC – In re Countrywide Financial Corp. Mortgage-Backed Securities Litigation Court: United States District Court, C.D. California 943 F. Supp. 2d 1035 (C.D. Cal. 2013) Date published: May 6, 2013 cwrmbssettlement.com/docs.php

Bear Stearns Samuel Lek, Lek Securities 2008 0306 – SEC – Bear Stearns Notes – 3/6/08 to 3/14/08, Steve Spurry – FCIC – 7p Bob Upton explained that hedge funds are starting rumors and creating difficulties. He notes in particular Lek Securities – which we also saw on Bloomberg. I believe he said Lek’s name seemed…

Munich Re munichre.com/en.html 2019 – Munich Re – Whole Life vs Universal Life, ILEC Observations – 4p 2000 – Munich Re – Unit-linked insurance: A general report – 51p The product names (e.g. “Universal Life” and “Variable Life” in North America) will be fully described in a later paper in this series. (p9) 4.4 ADEQUATE SYSTEMS…