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: US
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 […]
FOREX-Dollar eases vs yen, hovers below recent 3-week high
* Dollar/yen hovers below Friday’s near 3-week high * Euro holds steady, dollar index little changed * Data on U.S. durable goods due later on Monday The dollar eased versus the yen on Monday, having backed away from Friday’s near three-week high after data showed a steep drop in U.S. […]
