Mon Apr 11, 2016/Reuters By Suzanne Barlyn Goldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. The settlement, which Goldman disclosed in January, stems from the firm’s […]
Tag: Bank of America
In wake of JPMorgan settlement, big banks add to defense funds
Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan Chase & Co’s massive $13 billion settlement with U.S. authorities over bad mortgages, according to two sources familiar with the situation. The size of the JPMorgan settlement, which the government […]
Bank of America fourth-quarter profit jumps as bank shakes off financial crisis
Bank of America Corp said on Wednesday quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis. Results were strong across most of its businesses. Consumer banking had its best quarter […]
