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The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday.

Moody’s reached the deal with the justice department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement.

The Big Short: is the next financial crisis on its way?
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“Moody’s failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the ‘great recession’,” principal deputy associate attorney general Bill Baer said in the statement.

S&P Global’s Standard & Poor’s entered into a similar accord in 2015 paying out $1.375bn. Standard and Poor’s is the world’s largest ratings firm, followed by Moody’s.

Moody’s said it would pay a $437.5m penalty to the justice department, and the remaining $426.3m would be split among the states and Washington DC.

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As part of its settlement, Moody’s also agreed to measures designed to ensure the integrity of credit ratings going forward, including keeping analytic employees out of commercial-related discussions.

The rating agency’s chief executive also must certify compliance with the measures for at least five years.

Moody’s said that it stands behind the integrity of its ratings and noted that the settlement contains no finding of a violation of law or admission of liability.

Moody’s said it already has implemented some of the compliance measures in the agreement.

Moody’s shares closed at $96.96 on Friday. The stock plummeted more than 5% on 21 October, the day it disclosed the justice department had notified the firm it was planning to sue over the ratings.

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Moody’s settlement on Friday resolved the justice department probe without a federal lawsuit. In the Standard & Poor’s case, resolution was reached after the US filed a $5bn fraud suit.

Connecticut, whose attorney general helped lead negotiations, filed a lawsuit against Moody’s in 2010. Mississippi and South Carolina later sued, and other states had potential claims.

Connecticut’s law suit claimed that Moody’s ratings were influenced by its desire for fees, despite claims of independence and objectivity. It also accused Moody’s of knowingly inflating ratings on toxic mortgage securities.

Moody’s ratings were “directly influenced by the demands of the powerful investment banking clients who issued the securities and paid Moody’s to rate them,” Connecticut attorney general, George Jepsen, said in a statement on Friday.

its a masterpiece of MW to short a stock which will lead to margin calls
well done MW.
for all other just load up as share price will rebound once the margin call are done.

warthog there is no shiply on trial with them. maybe he is this second witness? i am not going to post names that are on trial .

https://www.thelawpages.com/court-hearings-lists/Southwark-Crown-Court.php

Trial (Part Heard) - Witness Number 2 Continues - 10:06
Trial (Part Heard) - Case adjourned until 11:45 - 11:22
Trial (Part Heard) - Witness Number 2 Continues - 11:49
Trial (Part Heard) - Case adjourned until 14:00 - 12:57
Trial (Part Heard) - Witness Number 2 Continues - 14:03
Trial (Part Heard) - Case adjourned until 15:10 - 15:00
Trial (Part Heard) - Witness Number 2 Continues - 15:12
Trial (Part Heard) - Case adjourned until 10:00 - 15:58

UAE-based healthcare provider's shares slump more than 24%, biggest fallers on London's bluechip index
* Stock at its lowest level since April 2015
* Shares in Finablr , which was also founded by Abu Dhabi-based entrepreneur BR Shetty, fall 4.4%
* NMC's shares have suffered since it was hit by a short-selling attack by U.S. firm Muddy Waters in late 2019
* NMC and FINF tanked earlier this year after two major shareholders launched a discounted share sale on the groups
* NMC did not immediately respond to a request for comment on the share price fall
* "This stock (NMC) has been very volatile and we have seen big swings on no news," says David Madden, market analyst at CMC Markets, adding that there were "big buyers coming in and out"
* "Volatility will remain until the report on the financial health of the company will be released," Madden says
* NMC says last month an independent review committee looking into the matter had hired FBI ex-boss Louis Freeh....
* NMC has a current market cap of 1.51 billion pounds ($1.95 billion), 72.1% lower than its market cap a year ago
* Current avg analyst rating on NMC shares is "buy"
* NMC shares down 58.9% for the year

Germany no shorting

update witness number 2 is giving evidence for those that like to know.

move on save yourself the headache try skybet you get better odds.

these are top holder some have added and some have reduced seems to be a lot of confidence for a company some on here are saying is dead ? 15.88%
Bavaguthu Shetty 33,141,348 $343.3m 0.4% no data
12.04%
Capital Research and Management Company 25,119,718 $260.2m 80.73% 0.03%
8.82%
Khalifa Butti Omair Yousif Al Muhairi 18,409,807 $190.7m -38.83% no data
6.66%
Infinite Investment LLC 13,909,604 $144.1m -8.97% no data
3.54%
Wellington Management Group LLP 7,392,826 $76.6m 5.25% 0.02%
3.27%
Hermes Investment Management Limited 6,831,699 $70.8m 71.24% 1.13%
3.13%
Norges Bank Investment Management 6,537,701 $67.7m 1063.74% 0.01%
1.48%
UBS Asset Management 3,085,733 $32.0m 23.6% 0.01%
1.18%
Standard Chartered Bank, Asset Management Arm 2,463,577 $25.5m 72.65% 5.29%
1.09%
Eaton Vance Management 2,280,939 $23.6m 2651.6% 0.06%
1.07%
HSBC Global Asset Management (UK) Limited 2,225,740 $23.1m -6.65% 0.03%
1.04%
Lombard Odier Asset Management (Europe) Limited 2,162,274 $22.4m 1.76% 0.58%
1%
State Street Global Advisors, Inc. 2,091,686 $21.7m 26% no data
1%
Saeed Bin Butti Mohamed Al Qebaisi 2,085,398 $21.6m -94.27% no data
0.87%
Legal & General Investment Management Limited 1,805,810 $18.7m -32.48% 0.01%
0.74%
Emirates NBD Asset Management Limited 1,546,730 $16.0m -2.15% 3.29%
0.69%
Hermes Pensions Management Limited 1,448,956 $15.0m 17.52% 29.21%
0.68%
AllianceBernstein L.P. 1,424,505 $14.8m 36.29% 0.01%
0.67%
The Vanguard Group, Inc. 1,396,424 $14.5m 153.7% no data
0.65%
Fiera Capital Limited 1,353,991 $14.0m -17.86% 1.68%
0.57%
Rock Springs Capital 1,200,000 $12.4m 14.29% 0.72%
0.57%
Standard Life Aberdeen plc 1,189,543 $12.3m -9.04% 0.01%
0.49%
SQM Frontier Management, LP 1,025,260 $10.6m 24.23% 26.11%
0.42%
U.S. Bancorp Asset Management, Inc. 882,728 $9.1m 0% 0.04%
0.42%
Morgan Stanley, Investment Banking and Brokerage Investments 876,666 $9.1m -49.25% no data

16 Jan 20 BuyUK£50,177 Patrick Meade Individual 3,640 UK£13.78
24 Dec 19 BuyUK£49,877 Patrick Meade Individual 2,900 UK£17.20
20 Dec 19 BuyUK£24,656 Patrick Meade Individual 1,700 UK£14.50

warno i would'nt mind but i pulled my money out of this and swore to never return that's how i am with my trading immediate divorce when it don't sit well but i must of just left alert in place but the error was walking through the trap door but know the bigger trap could be letting this trade run. people are talking about shorts selling out but they don't get it there was 3 days to cover on nmc so it's not that. if that was the case we would of seen a short sqeeze i am afraid this could just be as simple as leaked news if it was kpm looking into accounts i would trust them with info but some ex FBI guy don't do it for me do hope i am wrong .

if it makes you fill better i got a price alert at 1220p and bought in that was the quickest lose iv'e ever made on any trade. so at least you guy's got to see your trade go up and down for a bit . i wished i never set that poxy alert

guys there is no point looking at short tracker for a day to day trading it's useless. they don't have to report a short position until 15.00 the next day which will be to late to help you even for tomorrow .

The worst performer of the day was NMC Health with a close to 20% jump on volumes 6.5 times the average. Sorry to break it to you but we just can't put the finger on what's the exact driver of the fall on this stock which has been shorted by Muddy Waters. Anyhow, here's your closing snapshot:

the shorts data don't matter right now it's 36 hours old.

if shorts were dumping at that speed it would push sp up because they have to buy them back.

if shorts were dumping at that speed it would pump the sp up because they have to buy them back.

they are in court 5 now. china built a hospital in 8 days amazing would be great if our roadworks got done that quick.

pretty flat day but at least you no how the market is going to perform. so the small rise today gave us the chance to sell some to get a better sp.