U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. The company is arguing that it should pay less to settle the claims by the U.S. Federal […]
Tag: InvestAdvocate
Government mortgage fraud lawsuit against BofA headed to trial
A U.S. government lawsuit accusing Bank of America Corp (BAC.N) of fraud in the sale of billions of dollars of toxic mortgage loans to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) is on track to go to trial next month after a judge rejected the bank’s bid to dismiss the […]
First woman member of the NYSE Siebert dies at 80
Muriel “Mickie” Siebert, who started as a trainee on Wall Street and became the first woman to own a seat on the New York Stock Exchange, has died of complications of cancer at age 80. Siebert died Saturday at Memorial Sloan-Kettering Cancer Center in New York. Her death was confirmed […]
