Regulatory News
New York AG intensifies auction-rate debt probe
NEW YORK (Reuters) - New York's state attorney general office on Wednesday intensified its probe into auction-rate debt focusing on Bank of America Corp, Goldman Sachs and Deutsche Bank AG, while issuing a warning to brokerages. Full Article
UPDATE 1-NY AG warns bond dealers over ARS probe
NEW YORK, Aug 20 (Reuters) - The New York State Attorney General on Wednesday told bond dealers that his office has uncovered "disturbing facts" as part of its investigation into their sales of auction-rate debt. Full Article
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We assume no or negative earnings for the majority of firms in our universe this quarter, and for some of our firms, the third quarter marks the fourth consecutive quarter of reported losses, clearly an unprecedented streak.
- Goldman Sachs analyst William Tanona, slashing outlook for rivals Citigroup, JP Morgan, Lehman Brothers, Merrill Lynch and Morgan Stanley.
SCA could sell more packaging ops: CEO
STOCKHOLM/HELSINKI (Reuters) - Swedish hygiene and paper products group SCA may sell more businesses at its troubled packaging unit, its head said on Wednesday. Full Article
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