Banks Have a Mere $65 Billion in Outstanding Legal Costs
Summary: Although many banks have already paid significant sums for their roles in the 2008 financial crisis, many still face…
mortgage crisis
JP Morgan Settles Mortgage Securities Case for $388 Million
Summary: As a result of allegations made against it for wrongs committed during the 2008 financial crisis, JPMorgan must pay…
U.S. Banks in Trouble
U.S. banks are having money trouble, according to CNBC. The subprime mortgage crisis is resulting in many banks having to…
Deutsche Bank Sued by US Government for Mortgage Fraud, Feds Represented by US Attorney Preet Bharara
On Tuesday, May 3, the Deutsche Bank was sued by the federal government, represented by US Attorney Preet Bharara. The…
S&P’s First Amendment Defense in Mortgage Backed Security Ratings Case Rejected by Federal Court
When the bubble burst on the housing market, it triggered a chain reaction in part because of mortgage backed securities…