Weather New York, NY +22°F

settlement

European Banks Struggle As Profits Slump And Job Cuts Rise

Bank Mortgage Settlements Work For More Relief Fund To Consumers

A total of $12.5 billion in settlements from Deutsche Bank and Credit Suisse may be on the way for borrowers who got mortgages before the housing bust.

Read Full Article
U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit

Goldman Sachs to Pay $5 Billion Settlement Over Troubled Mortgage-Backed Securities

The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.

Read Full Article
Wells Fargo & Co. Bank Branches Ahead Of 4th Quarter Earnings

Wells Fargo Settled $1.2 Billion Over Bad Housing Loans Secrecy

As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.

Read Full Article
'The Interview'

Sony agreed to pay $8M settlement to its employees

Sony Pictures Entertainment has agreed for an $8 million settlement with the company's former and current employee after its data was stolen in a cyber attack launched by North Korea. During the breach, information of its employees was stolen resulting in a mounting of lawsuits from each employee involved.

Read Full Article
Christopher Lischewski

Bumble Bee Foods to pay $6M in fees for horrific death of worker

Three years ago, Jose Melena, 62, was burned alive inside the Bumble Bee Foods industrial oven. On Wednesday, Bumble Bee Foods was required to pay $6 million total in fees for the incident.

Read Full Article
JPMorgan

JPMorgan Chase & Co agrees on settlement to Pittsburgh bank lawsuit

JPMorgan Chase & Co settled a lawsuit brought against it by the Federal Home Loan Bank of Pittsburgh involving the losses it sustained from mortgage securities it bought from the bank, Bloomberg reported.

Read Full Article
GLG Partners

GLG Partners Inc agrees on $9 million settlement with regulator for coal mine purchase

GLG Partners, a London-based hedge fund, agreed to settle claims that it overvalued the purchase of a mining asset in 2008 in a deal worth about $9 million, Bloomberg reported.

Read Full Article
Micron corporate headquarters

Rambus wins in $280 million patent settlement with Micron

A joint statement on Tuesday revealed that Micron Technology will be paying Rambus at $10 million in royalties per quarter for a seven-year period for the former's use of the latter's DRAM memory patents.

Read Full Article
JPMorgan Chase & Co

JPMorgan Chase & Co agrees on USD 4.5 billion settlement with institutional investors

JPMorgan Chase & Co said it had agreed to settle claims related to faulty mortgage bonds with 21 investors which included the asset management units of BlackRock Inc, Goldman Sachs Group and Pacific Investment Management Co.

Read Full Article
US Airways-American Airlines

American Airlines merger with US Airways Group Inc has been settled

A settlement was reached between representatives of both American Airlines and US Airways Group and the US Department of Justice would pave the way to the approval of the merger.

Read Full Article
Bank of America Merrill Lynch

BofA nearing settlement with Freddie Mac

A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.

Read Full Article
Wells Fargo & Co

Wells Fargo settles mortgage bonds issues with FHFA

For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes

Read Full Article
Countrywide Financial Corp

Judge approves tentative deal for Countrywide

Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.

Read Full Article
JPMorgan

JPMorgan and FHFA forge settlement agreement

JPMorgan to pay FHFA USD5.1 billion as settlement for loans and mortgage backed securities issues.

Read Full Article
JP Morgan

Private investors seek settlement from JPMorgan

Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.

Read Full Article
1 2 3

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics