04/21/08 - Greedy RBS Greenwich Capital Is Right In The Middle Of The Credit Mortgage Crises That Is Causing CT Families To Lose Their Homes

Let's Hope Your 401K Is Not Invested In This
RBS Greenwich Affiliated Stock

National City To Get $7 Bln In Capital, Cuts Dividend; Posts $171 ...
RTT News, NY

Meanwhile, RBS Greenwich Capital served as financial advisor and Simpson Thacher & Bartlett LLP served as legal advisor to Corsair Capital. ...

Please see:

RBS arm involved in SEC inquiry

Royal Bank of Scotland has confirmed its Greenwich Capital unit is part of a Securities Exchange Commission probe into the collapse of the subprime mortgage market.

The SEC has opened about three dozen inquiries, including those that involve major investment banks, according to recent published reports.

Greenwich Capital, a top issuer of mortgage-backed securities in the subprime market, is based on Steamboat Road in Greenwich. The unit was asked by the SEC to hand over some of its financial documents, but RBS officials would not comment on the probe beyond that.

"We will fully cooperate with the SEC or any regulators," said Carolyn McAdam, a spokeswoman for RBS......

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