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 […]
Tag: Royal Bank of Scotland
Banks Accused Of ‘Despicable’ Lack Of Lending
Britain’s banks are ruining the country’s fledgling businesses by withdrawing funding, according to the author of a scathing dossier. Lawrence Tomlinson, entrepreneur in residence at the Department for Business, Innovation and Skills (BIS), has provided the Business Secretary with claims of alleged misconduct towards companies by the lenders, including the […]
UBS profit beats forecasts despite U.S. mortgage suit settlement
UBS’s second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland’s largest bank to two-year highs. A number of European banks – including Deutsche Bank, Barclays, Credit Suisse, HSBC and Royal Bank of […]
