BANKTHINK

Monday, September 26

Receiving Wide Coverage ...

Fault Found in STARS: The feds are fighting five domestic banks over transactions Barclays arranged that allegedly exploited discrepancies in U.K. and U.S. tax laws to stiff Uncle Sam for billions, a joint investigation by the Financial Times and ProPublica found. The deals, known as "structured trust advantaged repackaged securities," or STARS (one of those names that makes us suspect the investment bankers started with the acronym and then decided what words…

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