Goldman, Morgan Stanley and Wells Fargo may come to settlement table

Piggy Bank

There are still many more shoes to drop, after the much anticipated JPMorgan Chase $13bn settlement, say industry watchers.

'I would think that the other banks would love to get a settlement at this point', said Professor John C. Coffee, of Columbia Law School.

MarketWatch reports that one of the next big banks in line is Bank of America, which is probably the next biggest amount in mortgage loans from its takeover of Countrywide, say industry experts.

Goldman SachsMorgan Stanley and even Wells Fargo will likely be coming to the 'settlement table' as well.

“'Other banks are going to need to work this out, and we don’t know about the other shoe that will drop', said Coffee.

But the message is clear: Nobody needs all the publicity that J.P. Morgan got.

And apparently there is more to come or at least that’s the hint from regulators.

To access the complete MarketWatch article hit the link below:

It's not over... there maybe more shoes to drop after J.P. Morgan, say experts

Bernanke: Fed to move toward talk as key policy tool 

Register for Financial Markets News Alerts