Tag Archive

EU fines first U.S. banks in rate rigging scandal

Published on December 4, 2013 By admin

The following article is brought to you by Danielle Douglas at WashingtonPost.Com JPMorgan Chase and Citigroup have become the first U.S. banks fined for the alleged manipulation of benchmark interest rates that affect hundreds of billions of dollars in contracts around the world. On Wednesday, the European Commission slapped six financial giants, including Deutsche Bank, […]

Additional legal costs for big banks could top $100 billion

Published on November 29, 2013 By admin

The following article is brought to you by Chris Isidore at CNNMoney.Com U.S. banks might still be on the hook for more than $100 billion in additional fines and legal costs over bad mortgage loans sold during the financial crisis, according to a new estimate from credit rating agency Standard & Poor’s. But despite that […]

JPMorgan settlement could pose legal risk

Published on November 29, 2013 By admin

The following article is brought to you by Kevin McCoy at USA Today, found at GreenBayPressGazette.Com The admissions JPMorgan Chase agreed to under its record $13 billion settlement with the Department of Justice could represent a new legal liability in ongoing litigation faced by the nation’s largest bank. According to the statement of facts, unidentified […]

JP Morgan Pays $13 Billion to Justice Department to Avoid Investigations

Published on November 4, 2013 By admin

The following article is brought to you by Angelina Bouc at GuardianLV.Com Earlier this year federal regulators were ready to prepare a list of enforcement consequences and fines against the largest bank, JP Morgan Chase. This stemmed from pending lawsuits by the Federal Housing Financial Agency – who accused JP Morgan of unlawful practices during […]

‘Foreclosure Review’ Link Surfaces from BofA-Countrywide Trial

Published on November 4, 2013 By admin

The following article is brought to you by ECreditDaily.Com The Independent Foreclosure Review has sent $2.8 billion in compensation checks to more than 4 million borrowers to remedy foreclosure or mortgage-modification abuses, but along this settlement’s long and winding road there have been many bumps and potholes.(CHASEHOMEFINANCESUX RESPONSE: Yeah, The Big Banks Paid ‘Independent’ Consultants […]