Tags » Mortgage Settlement

HSBC profit hit by multiple misconduct provisions

HSBC Holdings Plc became the latest of the world’s top banks to book a hefty charge against earnings as it prepares to settle with regulators over allegations of manipulating the foreign exchange market. 300 more words

Finance

Eager to subsidize Bank of America's massive $17 billion settlement? Here's your chance

Bank of America isn’t digging too deep to into its pocket to cover its new, $17 billion legal tab.

Hours after the bank made its… 162 more words

The market thinks Bank of America's mortgage nightmare is almost over

Is the worst behind Bank of America? Its shareholders seem to think so. The bank’s stock is up nearly 2% today, after it announced a long-awaited settlement… 201 more words

Bank of America Agrees to Biggest Settlement in Corporate History

Bank of America Offers U.S. Biggest Settlement in History Over Toxic Mortgage Loans

By BEN PROTESS and MICHAEL CORKERY
August 6, 2014 4:27 pmAugust 7, 2014 3:06 pm 187 Comments … 1,413 more words

Affordable Housing

Citi Inks $7 Billion Mortgage Settlement

NEW YORK — Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

It includes $4 billion in penalties, $2.5 billion in mortgage modifications and other relief to homeowners, and $500 million going to a number of states and the Federal Deposit Insurance Corp. 366 more words

Nation/World