Guardiola: “I want Messi to finish his career at Barça”

first_imgGuardiola closes in this way the rumors that placed Messi outside of Barcelona. Further, City coach talked about the tie against Real Madrid in the Champions League and Sterling’s injury, which is very difficult for the eighths: “It’s a problem. I don’t know if he will be healthy for the match against Madrid. It will be out for a couple of weeks. “Another of the injured of importance in the English team is Leroy Sané. Guardiola has spoken about his situation: “He is training with the group after his operation, but I think that even the selection stop (mid-March) will not be able to return to the pitch. “ The mess between Messi and Abidal caused a hurricane that still has repercussions. Today, at the press conference given by Pep Guardiola, the Manchester City coach has been asked about a supposed departure from the Argentine star and the Barca coach has been clear: “My wish is that Messi ends his career in Barcelona, ​​I think he will stay there. He plays for Barcelona and will stay there.”last_img read more

JPMorgan Chase Reaches 388 Million Settlement in MBS Investor Lawsuit

first_img in Daily Dose, Featured, News, Secondary Market, Uncategorized JPMorgan Chase & Co Lawsuit MBS Investors residential mortgage backed securities 2015-07-20 Staff Writer JPMorgan Chase Reaches $388 Million Settlement in MBS Investor Lawsuit July 20, 2015 489 Views center_img JPMorgan Chase & Co agreed to pay $388 million to resolve a lawsuit by investors who claimed that the U.S. bank provided misleading information about the safety of $10 billion worth of residential mortgage-backed securities (MBS) it sold before the financial crisis, according to multiple media reports.The Fort Worth Employees’ Retirement Fund and other investors in nine offerings made before the 2008 financial crisis brought the lawsuit fort, according to Bloomberg Business writer Patricia Hurtado. They accused JPMorgan of misleading them about the underwriting, appraisals, and credit quality of the home loans underlying the certificates. She adds that after the 2008 collapse of Lehman Brothers Holdings Inc., the certificates were worth 62 cents on the dollar at most, the investors said.According to Reuters’ reporter Sneha Banerjee, in 2013, JPMorgan agreed to a $13 billion settlement with the Justice Department over allegations that the bank had misled investors in MBS about the soundness and risks of the investments that helped bring on the subprime-mortgage crisis of 2008. JPMorgan has said throughout the litigation process that the poor performance of the certificates was not due to the quality of the loans, but was caused by the collapse of the overall economy, Banerjee added.The $388 million settlement was disclosed in a Manhattan federal court filing on Friday, Hurtado said. As part of the settlement, the bank denied any wrongdoing and a judge must decide whether to approve the pact.“We couldn’t have achieved such a stellar recovery without the leadership of the Northern and Southern California Laborers Pension Funds,” Luke Brooks, a lawyer for the plaintiffs, said in a statement.“These funds not only stepped forward to protect their participants’ hard earned retirement savings, but equally importantly they committed themselves to the trial of this action, which allowed us to maximize the recovery for the class.”Bloomberg Business noted that Joseph Evangelisti, a spokesman for New York-based JPMorgan, declined to comment on the settlement.The case is Fort Worth Employees’ Retirement Fund v. J.P. Morgan Chase & Co., 09-cv-3701, U.S. District Court, Southern District of New York (Manhattan). Sharelast_img read more