Morgan Stanley has agreed to pay $1.25 billion to the Federal Housing Finance Agency to resolve claims that it sold shoddy mortgage securities to Fannie Mae and Freddie Mac. In a securities filing late Tuesday, Morgan Stanley said that it had reached an agreement “in principle” with the agency, which […]
Tag: JPMorgan Chase
Banks face new probe over mortgage bond trades post 2008: WSJ
Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks as they have already paid billions of dollars in penalties […]
JPMorgan Agrees To Pay $1.7 Billion To Bernie Madoff Victims
JPMorgan Chase has agreed to pay $1.7 billion to victims of Bernie Madoff’s ponzi scheme, according to a statement from the United States Attorney for the Southern District of New York. [via Bloomberg News] U.S. Attorny Preet Bharara will hold a press conference today at 1:15 p.m. EST. Bharara will […]
