Goldman, Deutsche Fail, Barclays Wins, NYSE Glitch

Thumbs Down

A U.S. judge rejected bids by Goldman Sachs and Deutsche Bank to dismiss a federal regulator's lawsuits accusing them of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

Reuters reports that in separate decisions on Monday, U.S. District Judge Denise Cote in Manhattan said the Federal Housing Finance Agency may pursue fraud claims over some of the banks' representations in offering materials regarding mortgage underwriting standards.

In the meantime, the news agency reports that Barclays Bank has won a dismissal of a U.S. lawsuit brought on behalf of creditors of energy transport and storage company SemGroup.

The lawsuit had sought repayment of a $143m fee that SemGroup paid the bank to take over its commodities trading positions before it filed for bankruptcy in 2008.

Finally, Reuters reports that NYSE Euronext suspended trading in over 200 stocks on the New York Stock Exchange on Monday due to a technical problem with a server, although the stocks in question continued trading on other markets.

Goldman, Deutsche Bank fail to end U.S. mortgage lawsuits

Judge rejects SemGroup trustee's suit against Barclays

Glitch prevents trade in over 200 stocks on the NYSE

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts