Royal Bank of Scotland could pay a fine to settle claims of misconduct in its handling of U.S. mortgage securities as early as this quarter, a person with knowledge of the matter said.
A good start to the year!
Nomura’s CEO for Europe, the Middle East and Africa, Jeremy Bennett, resigned after less than two years in the job.
HSBC will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities sold to taxpayers before the financial crisis.
HSBC and Nomura lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
Goldman Sachs is paying its largest bill yet to resolve a government lawsuit related to the financial crisis.
Bill Ackman’s Pershing Square Capital Management LP has sued the U.S. government, claiming revised terms of the 2008 bailout of Fannie Mae and Freddie Mac cheat investors of the profit from the mortgage-financing entities.
Royal Bank of Scotland agreed on Thursday to pay $99.5m to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.
Bank of America swung to a loss as the company booked $6bn of costs tied to mortgage disputes.
Credit Suisse agreed to pay $885m to settle lawsuits by the U.S. Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.