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
Tags » Mortgage Settlement
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
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
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