TITLE

Calyon Sues Mizuho, Ex-Staffers, For Damages

AUTHOR(S)
Pyburn, Allison
PUB. DATE
March 2007
SOURCE
Bank Loan Report;3/26/2007, Vol. 22 Issue 12, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Calyon SA, a unit of French bank Credit Agricole SA, is in the midst of suing Mizuho Securities USA and several of its top collateralized debt obligations (CDO) bankers for alleged damages to the company. Calyon lost most of its U.S. CDO team, led by Alexander Rekeda in December, 2006. The loss of its CDO team, Calyon shifted employees from its London, England office to compensate for missing staff members.
ACCESSION #
24578008

 

Related Articles

  • Calyon Sues Mizuho, Ex-Staffers, For Damages.  // High Yield Report;3/26/2007, Vol. 18 Issue 12, p3 

    The article reports on the lawsuit filed by Calyon SG, a unit of French bank Credit Agricole SA, against Mizuho Securities USA and its top collateralized debt obligation (CDO) bankers in the U.S. Calyon sought $150 million in compensatory damages and $600 million in punitive damages....

  • Mizuho Nabs Calyon CDO Staffers. Pyburn, Allison // Bank Loan Report;12/18/2006, Vol. 21 Issue 48, p6 

    The article reports on the recruitment of Calyon Bank collateralized debt obligation employees by Mizuho Securities USA as part of its aim to position itself to become a familiar name in the U.S. market. Alexander Rekeda, former Calyon cash CDO head, will head the Japanese bank's foray into...

  • Calyon to Court U.S. Issuers With Core Liquidity Business. Walker, Susanne // Bond Buyer;5/5/2005, Vol. 352 Issue 32126, p36 

    The article reports that Paris-based Calyon, the corporate and investment banking arm of the Credit Agricole SA, became one of the latest foreign banks to enter the U.S. public finance market. It plans to offer various services, such as letter of credit and liquidity facilities, to issuers....

  • Synth CDOs in Europe, More Downgrades Hit U.S. ABS CDOs. G. S. // Bank Loan Report;10/22/2007, Vol. 22 Issue 40, p4 

    The article reports on the trends in the collateralized debt obligations (CDO) market. It notes that while new issuance in the U.S. CDO market remains dormant, the number of transactions involving CDOs is increasing in Europe, particularly for synthetic structures. This was initiated by Calyon's...

  • A Q&A About Our Investigation on Banks' Self-Dealing. Bernstein, Jake; Eisinger, Jesse // Pro Publica;8/29/2010, p12 

    The article presents questions and answers about how Wall Street banks created fake demand in the run-up to the housing meltdown including one on collateralized debt obligations (CDOs), another on balance sheet benefit on buying another CDO's lower-valued tranches, and another on CDOs ratings.

  • Loss on subprime assets reduces profit by 46%.  // Accountancy;Aug2008, Vol. 142 Issue 1380, p94 

    The article reports that Credit Agricole has incurred a net loss of 4.1 billion euros in connection with U.S.-related subprime assets. The losses divide almost evenly between those involving asset-backed instruments and collateralized debt obligations, and losses stemming from monoline...

  • Mizuho preps U.S. CDO pipeline. A. P. // Asset Securitization Report;4/16/2007, Vol. 7 Issue 15, p1 

    The article reports on the preparations made by Mizuho Securities USA to market its asset-backed securities (ABS) collateralized debt obligations (CDO) and collateralized loan obligations (CLO) pipeline in the U.S. Mizuho head of U.S. structured credit Alexander Rekeda said that they will offer...

  • Credit Agricole-Indosuez hunts for Egyptian bank.  // MEED: Middle East Economic Digest;8/29/1997, Vol. 41 Issue 35, p4 

    Reports on Credit Agricole SA's plans to acquire a controlling stake in a local bank in Egypt, to form the basis of a corporate and banking business in the country. Credit Agricole's bank acquisitions in Arab countries; Credit Agricole's plans for the bank after its acquisition; Comments from...

  • Credit Agricole extends its reach with new crop of financial services. Kraus, James R. // American Banker;5/24/1994, Vol. 159 Issue 99, p4 

    Features the French bank Credit Agricole. Revamp of American operations; Expansion into trading, securities brokerage and structured finance; Bernard L. Chauvel as bank president and general manager in the United States; Federal Reserve Board's approval to develop securities brokerage and...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics