The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks which failed in May 2009. The Federal Deposit Insurance Corp... Read more
Wells Fargo & Co. has agreed to pay $125 million to settle accusations by investors that the bank misled them about the risks of mortgage-backed securities it sold. The Plaintiffs in th... Read more
Bank of America Corp. will pay $8.5 billion to settle claims of investors who lost money on mortgage-backed securities. This is a landmark event that will likely influence other major banks... Read more
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