Search

A judge dismissed a suit against Mohammed bin Salman in connection to Jamal Khashoggi's death. The suit was filed by Khashoggi's fianc >>e, who accused MBS of ordering his death [...]

Credit Suisse announced that it has reached a final settlement with the New Jersey Attorney General related to its Residential Mortgage-Backed Securities business with transactions dating back to before 2008. [...]

Byline: Brian Collins WASHINGTON -- Community banks are fighting back against a plan unveiled by the Federal Housing Finance Agency this week to restrict membership in the Home Loan Bank [...]

Byline: Kristin Broughton Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday. The deal, which [...]

'16 Dem convention could generate windfall for city Whether or not a Brooklyn convention helps Democrats keep the White House, it would likely be a net gain for the city's [...]

Byline: John Hintze Investors have spent years seeking compensation for losses sustained during the housing bust from the firms that made mortgage loans and repackaged them into securities. Now they [...]

Citigroup reached a settlement with American authorities for knowingly selling toxic mortgage-backed securities before the financial crisis. It agreed to pay penalties of $7 billion, $4 billion of which goes [...]

Byline: MATTHEW GOLDSTEIN The lawsuit arose out of troubled mortgage-backed securities that the bank cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial [...]

Byline: Sarah Todd Jefferies will pay $25 million to settle charges that it abetted mortgage-backed-securities fraud. The New York investment bank's nonprosecution agreement with the U.S. attorney's office in Connecticut [...]

Byline: Evan Nemeroff A former managing director at the New York investment banking firm Jefferies and Co., has been convicted of multiple offenses involving a scheme to defraud customers trading [...]

Byline: Bloomberg News Standard & Poor's said President Obama met with Treasury Secretary Timothy Geithner just before Geithner warned the company to expect a response to its downgrade of U.S. [...]

Byline: Brian Collins WASHINGTON -- Fairholme Capital Management has overcome its first legal hurdle to get the federal government to recognize its rights as a shareholder in Fannie Mae and [...]

Byline: Bloomberg News Deutsche Bank AG and Allstate Corp. settled a suit the insurer brought that accused the bank of misrepresentations and omissions in connection with loans backing $185 million [...]

After weeks of speculation JPMorgan Chase and the Justice Department concluded a $13 billion settlement package related to mortgage-backed securities that were mis-sold by the bank and Washington Mutual and [...]

JPMorgan, the largest U.S. bank, has reached a tentative deal with the federal government to pay $13 billion to resolve civil disputes related to its mortgage-security business, a record sum [...]

Byline: Oliver Renick A New York state appeals court in Manhattan Tuesday reversed an earlier ruling and dismissed Syncora Guarantee Inc.'s lawsuit accusing JPMorgan Chase & Co. of defrauding the [...]

Byline: Bloomberg News Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York State Court accusing the bank of fraudulently selling hundreds of [...]

Byline: Brian Browdie A federal judge has revived a lawsuit that charges JPMorgan Chase (JPM) with misrepresenting the quality of loans that backed securities sold to a Belgian bank. The [...]

Byline: Bloomberg News JPMorgan Chase & Co., the biggest U.S. bank, defeated most of a lawsuit brought by Dexia SA over about $1.6 billion in mortgage-backed securities it bought before [...]

Byline: Brian Browdie Most of a class-action lawsuit that charges Deutsche Bank and four of its former executives with misleading investors may proceed, a federal judge in Manhattan has ruled. [...]

Byline: Brian Browdie Goldman Sachs (GS) endured a setback Monday when the U.S. Supreme Court refused to hear the company's appeal of a lower-court decision involving securities backed by residential [...]

Byline: Tonya Chin Bankrupt bond insurer Ambac Assurance Corp. has ended its lawsuit against Credit Suisse Group AG over misrepresentations and contract breaches on mortgage-backed securities that Ambac insured in [...]

Byline: Brian Browdie A federal appeals court has reinstated a class-action lawsuit that charges a defunct subprime lender and several banks with misleading investors in the run-up to the financial [...]

Byline: Tonya Chin In the first residential mortgage-backed securities putback lawsuit to reach a decision in trial, the court ruled in favor of Assured Guaranty regarding breach of contract claims [...]

Byline: Brian Browdie General Electric (GE) has agreed to settle a lawsuit charging it with wrongdoing in the sale of securities backed by residential mortgages. The lawsuit is one of [...]

Byline: Brian Browdie A series of lawsuits that charge some of the nation's biggest banks with misleading investors in connection with the sale of hundreds of billions of dollars of [...]

Byline: Brian Browdie Lawsuits that charge Goldman Sachs (GD) and Deutsche Bank (DB) with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled. The decisions mean the [...]

Byline: Bloomberg News JPMorgan Chase & Co. lost a bid to have a U.S. judge dismiss lawsuits filed by the Federal Housing Finance Agency against 16 U.S. banks over mortgage-backed [...]

Byline: Brian Browdie A New York judge has dealt a setback to at least one insurer hoping to recover losses stemming from claims on policies that covered mortgage-backed securities. Assured [...]

Byline: Joe Adler WASHINGTON-In announcing one of the biggest lawsuits to come out of the financial crisis, New York attorney general Eric Schneiderman made clear that investigators are prepared to [...]

Byline: Alanna Byrne New York State Attorney General Eric Schneiderman filed a lawsuit Monday against J.P. Morgan Chase & Co., accusing the country's largest bank of defrauding investors with defective [...]

Byline: Brian Browdie Flagstar Bancorp (FBC) in Troy, Mich. must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in residential mortgage-backed securities it [...]

Byline: Ed Roberts The National Credit Union Association has filed suit against UBS Securities claiming securities fraud in the sale of $1.1 billion in mortgage-backed securities to U.S. Central Federal [...]

Byline: Kate Berry Citigroup (NYSE: C) has agreed to pay nearly $25 million to settle claims that it misled investors about the risk of certain mortgage-backed securities, according to Reuters. [...]

Byline: Jackie Stewart Wells Fargo (WFC) will pay more than $6.5 million to settle claims with the Securities and Exchange Commission that its brokerage firm and a former executive did [...]

Byline: Alan Kline A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the Louisville, Ky., company should have [...]

Byline: Ed Roberts A federal judge has agreed to consolidate two suits NCUA has brought against Wall Street banks for their sale of faulty RMBS that went bad and helped [...]