Wipro, India's No. 3 IT services provider, has agreed to purchase US-based mortgage services provider Opus Capital Markets Consultants for $75 million to boost its offerings for financial services clients.
JPMorgan Chase & Company, the biggest US bank by assets, has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the US housing market.
The bank re
Bahrain-based investment bank Investcorp has acquired $170.9 million worth of mortgage loans in the US to take advantage of low real estate prices, the company said.
The loans are secured by commercial property assets located in the United
Kuwaiti asset management firm Markaz is planning a fund of up to $100 million to invest in distressed debt in the US mortgage industry, its general manager said on Wednesday.
'We see real value on distressed debt-based on mortgage fina
HSBC Holdings, Europe's biggest bank, posted higher first-half profit and struck an upbeat tone on the global economy on Monday, despite a big rise in bad debts linked to its problems in the US housing market.
HSBC, which blamed bad US mor