Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
Bank of America agreed to pay $16.65 billion to end investigations into mortgage securities that it sold in the run-up to the financial crisis.
The long-anticipated settlement is expected to consist of a penalty of $9.6 billion and a package of consumer-relief measures valued at $7 billion.
"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.
Leaders are expected to agree that top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis.
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
Fund managers may face tougher scrutiny by regulators than planned after their lobbying against a first proposal backfired, sources said.
Christopher Finazzo was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.
BofA reached a record $17 billion settlement over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
Consumers bring only 75 percent of recalled cars to be fixed, and the agency said it hopes the new tool will boost that rate.
The decision comes after a federal judge's ruling that there was no meaningful way to challenge the designation, a situation deemed unconstitutional.
Retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in New York City.
Texas Gov. Rick Perry still looks strong for 2016 despite a phony Democratic indictment, says Larry Kudlow.
The US Treasury will need time to weigh potential actions to discourage companies from reducing their taxes by moving to other countries.
Texas Gov. Rick Perry has been indicted for abuse of power after carrying out a threat to veto funding for state public corruption prosecutors.
Obama had some tough talk for CEOs in a recent Economist interview, but the head of Hardee's and Carl's Jr. says here's what the president still doesn't get.
FedEx was indicted in a U.S. criminal case for conspiracy to launder money over deliveries for illegal online pharmacies.
Al Gore and his business partner filed a lawsuit Friday against news organization Al-Jazeera over alleged fraud and a breach of contract.
Lehman Brothers will distribute $4.6 billion to unsecured general creditors in September—the first such settlement for the firm.
Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.
U.S. District Judge Victor Marrero in Manhattan allowed the entire case against Cohen and SAC to go forward, apart from some claims brought too late.
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