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According to Goldman Sachs research, U.S. lenders have written off about 50% of their subprime collateralized debt obligation exposure, which confirms the anecdotal evidence we have received.
At Citigroup, $37 billion of collateralized debt obligation exposure remains even after the bank wrote down an eye-popping $17 billion of its holdings in the fourth quarter.
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Louise Story has penned what presents itself as an important story at the New York Times, one that charges Merrill Lynch with misrepresenting the size of its subprime, specifically, collateralized debt obligation exposures, in the runup to the global financial crisis.
So let's not discount those as well just because they have CDO [collateralized debt obligation] exposure.
But it establishes no firm obligation of equal exposure — allowing campaigns amplified by "super PACs" to flood the airwaves — and effectively places no limits on news coverage.
However, if a woman does not declare herself pregnant, the institution is under no obligation to limit exposure to the fetus, only to the worker, Zoon says.
Our incoming President Trump has a moral obligation to promote exposure to history and the humanities, especially for young people.
The state-run lender's share price has lagged that of its peers after it reported on Aug. 23 that it held $9.65 billion worth of subprime-related bonds and collateralized debt obligations, the largest exposure revealed by a Chinese bank.
Implicit in this premise is an obligation to communicate exposures and risks that become known as a part of the research initiative.
Each collateralized mortgage obligation has a different exposure to interest rate swings, mortgage prepayments and real estate prices.
He estimates that Merrill will write down its $27 billion of combined collateralized debt obligation and subprime-related exposures by $10 billion and report a loss of $5.10 a share for the fourth quarter.
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