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FDIC Sues Goldman, JPMorgan Over Mortgage-Backed Securities

Published on August 24, 2012 By admin

The following article is brought to you by Andrew Harris at BusinessWeek.Com. Goldman Sachs & Co. and units of JPMorgan Chase & Co. (JPM) and Ally Financial Inc. overstated the quality of loans underlying mortgage-backed securities they sold to the failed Guaranty Bank in Austin, Texas, according to lawsuits brought by the FDIC as its […]

FDIC Sues On Mortgage-Backed Securities Sold To Banks

Published on May 23, 2012 By admin

The following article is brought to you by Bob an Voris at Bloomberg.Com. The Federal Deposit Insurance Corp. sued a group of banks, including JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG (DBK), in two suits over mortgage-backed securities. The FDIC, acting as receiver for two failed […]

Big banks must show break-up plans under new rule

Published on January 22, 2012 By admin

The following is brought to you by FoxNews.Com WASHINGTON – The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. […]