SEC is in talks with leading Wall Street banks to sell CDO

/IRBIS, December 2, 2010/ - The Securities and Exchange Commission is negotiating with major banks on Wall Street to try to reach agreement on sale of mortgage-bond derivatives, known as CDO, said today Wall Street Journal, citing sources familiar with the matter. As indicated, the discussion is at an early stage and may result in disagreements over the settlement terms. Among the banks, with whom negotiations, Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co, Morgan Stanley and UBS AG. [2010-12-02]