Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were among the banks that have agreed to pay a $324 million settlement. Read more
PIMCO, Prudential and the other investors filed the latest suit on their behalf and for all current certificate holders of the RMBS trusts at issue. Read more
RBS will pay $255 million and Goldman Sachs will pay $135 million if the settlement gets final approval. Read more
Citigroup Inc. agreed to pay $13.5 million to settle a class action accusing the bank of misleading investors who bought into the bank’s Corporate Special Opportunities (CSO) fund. Citigroup... Read more
Several major banks are trying to keep their practice of paying executives for entering government work on “lock down.” However, the payment of multimillion dollar awards no longer remains h... Read more
We have published several articles in the last couple of years about the fraudulent conduct surrounding mortgage-backed securities (MBS). The scandal has resulted in billions of dollars in s... Read more
Attorney General Eric Holder announced a settlement last month valued at $7 billion with Citigroup. According to Attorney General Holder, the settlement was “appropriate given the stre... Read more
Citigroup Inc. has agreed to pay $110 million to thousands of homeowners who were forcibly charged expensive property insurance premiums. The class-action lawsuit, filed in the U.S. District... Read more
Los Angeles has filed suit against Wells Fargo and Citigroup, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the... Read more
UBS AG, Switzerland’s largest bank, has agreed to pay $885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing b... Read more
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