Asset-Backed Securities
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Citigroup to pay $730 mn to settle suit
Mar 19, 2013 09:29 EDT
US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
Citigroup to pay $700 million to settle suit
Mar 18, 2013 19:12 EDT
US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
US to merge Fannie, Freddie securitization
Mar 04, 2013 19:57 EST
The regulator of mortgage finance giants Fannie Mae and Freddie Mac detailed plans Monday to begin contracting their business while merging their securitization operations.
Moody's says no knowledge of possible government suit
Feb 08, 2013 13:04 EST
Credit-ratings company Moody's doesn't believe it is the subject of any "impending" US lawsuit over its ratings of mortgage bonds ahead of the 2008 crisis, the company's chief executive said Friday.
US sues S&P for $5 bn over inflated ratings
Feb 05, 2013 19:40 EST
The US Justice Department said Tuesday it is seeking at least $5 billion in civil penalties from Standard & Poor's for losses due to inflated ratings of mortgage bonds.
US accuses S&P of fraud in mortgage bond ratings
Feb 05, 2013 14:45 EST
US Justice Department officials Tuesday accused Standard & Poor's of fraud for inflating the ratings of mortgage bonds, costing US-insured banks at least $5 billion in losses in the financial crisis.
US gov't to sue S&P over mortgage bond ratings
Feb 04, 2013 22:21 EST
The US government plans to sue Standard & Poor's over its rating of mortgage bonds at the heart of the 2008 financial crisis, the agency said, slamming the case as "entirely" groundless.
S&P faces US gov't suit over mortgage bond ratings
Feb 04, 2013 17:50 EST
The US Justice Department plans to sue Standard & Poor's over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday.
S&P faces US gov't suit over 2007 mortgage bond ratings
Feb 04, 2013 17:11 EST
The US Justice Department plans to sue Standard & Poor's over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday.
S&P faces US gov't suit over 2007 mortgage ratings
Feb 04, 2013 15:45 EST
The US Justice Department plans to sue Standard & Poor's over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday.
US moves to halt junk home loans that fed crisis
Jan 10, 2013 14:03 EST
The US issued new rules Thursday restricting the kind of high-risk and abusive home loans at the center of the housing collapse that left millions losing their homes to repossession.
US banks pay out fresh billions for mortgage abuse
Jan 07, 2013 17:13 EST
Top US banks agreed Monday to pay out $20 billion in fines and compensation as regulators, borrowers and investors extract more payback over the housing and financial crisis.
New York sues Credit Suisse over mortgage securities
Nov 20, 2012 16:21 EST
The state of New York sued Credit Suisse for fraud Tuesday over the sale of questionable mortgage securities that dealt buyers $11.2 billion in losses in the US housing meltdown.
JPMorgan Chase to pay $297 mn for US misdeeds
Nov 19, 2012 06:52 EST
JPMorgan Chase said Monday it had agreed to pay $297 millions to the US Securities and Exchange Commission to settle a dispute over sale of mortgage-backed securities.
US stocks end mixed; Einhorn comments hit Chipotle
Oct 02, 2012 17:13 EDT
US stocks closed mixed after a day of bumpy trade Tuesday, with the Nasdaq gaining ground while the Dow blue chips bowed to selling pressure.
New York sues JPMorgan over mortgage securities
Oct 02, 2012 06:06 EDT
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
New York sues JPMorgan over mortgage securities
Oct 01, 2012 21:24 EDT
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
Former Credit Suisse trader faces extradition to US
Sep 27, 2012 05:51 EDT
A former Credit Suisse trader accused of inflating subprime mortgage-related bond prices faces extradition to the United States after being arrested in Britain, police said on Thursday.
US files suit against UBS Securities
Sep 07, 2012 03:21 EDT
US regulators have filed a lawsuit against Swiss banking giant UBS, accusing it of misrepresenting the risk associated with mortgage-backed securities it sold to two federal credit unions.
Citigroup to pay $590 million to settle investor suit
Aug 29, 2012 13:46 EDT
Citigroup said Wednesday it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on its subprime mortgage-based security losses in 2007-2008.
