SunTrust will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program.» Read More
NEW YORK, July 13- Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
Bank of America has discussed paying about $12 billion to settle the probes, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources said.
July 3- SunTrust Banks Inc, a large U.S. southeast regional bank, will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program designed to help struggling homeowners avoid foreclosure during the recession.
HAVANA— Havana on Thursday protested U.S. penalties levied against France's largest bank over allegations it processed financial transactions for Cuba and other blacklisted states in violation of U.S. trade sanctions.
ATHENS, June 25- President Barack Obama's administration will push the U.S. Congress to enact legislation to give European Union citizens the right to sue in the United States if they think their private data has been released or misused, the U.S attorney general said on Wednesday.
Representatives of Bank of America Corp have asked U.S. Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.
ASHEVILLE, N.C., June 11- A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisis.
WASHINGTON/ NEW YORK, June 11- The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase& Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possibly including Bank of America Corp and Citigroup, according to people familiar with the matter.
NEW YORK/ WASHINGTON, June 10- A former Rabobank NV trader pleaded guilty on Tuesday for his role in manipulating Libor, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. District Judge Jed Rakoff in Manhattan, the U.S. Department of Justice said.
WASHINGTON/ NEW YORK, June 6- U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.
*Credit Suisse will not hand over client data to U.S. WASHINGTON/ NEW YORK/ ZURICH, May 20- Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes.
*Credit Suisse will not hand over client data to U.S. WASHINGTON/ NEW YORK/ ZURICH, May 20- Credit Suisse has agreed to pay a $2.5 billion fine to authorities in the United States for helping Americans evade taxes after becoming the largest bank in 20 years to plead guilty to a U.S. criminal charge.
WASHINGTON/ NEW YORK, May 19- Credit Suisse on Monday became the largest bank in 20 years to plead guilty to a U.S. criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said.
WASHINGTON/ NEW YORK, May 19- Swiss bank Credit Suisse on Monday pleaded guilty to a criminal charge for its role in helping Americans dodge taxes, U.S.
ATTORNEY GENERAL ERIC HOLDER SAYS CREDIT SUISSE TO PAY $1.8 BILLION FINE AS PART OF SETTLEMENT.
China immediately denied the charges, saying in a strongly worded Foreign Ministry statement the U.S. grand jury indictment was "made up" and would damage trust between the two nations. Officials in Washington have argued for years that cyber espionage is a top national security concern.
NEW YORK/ WASHINGTON, May 13- BNP Paribas is in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether the French bank violated U.S. sanctions on Iran, Sudan and other countries, people familiar with the matter said.
May 12- BNP Paribas and Credit Suisse Group have appealed to U.S. authorities to allow their local subsidiaries, rather than the parent companies, to plead guilty to criminal charges they face in the United States, the New York Times reported, citing people briefed on the talks.
May 12- BNP Paribas and Credit Suisse Group have appealed to U.S. authorities to allow their subsidiaries rather than parent companies plead guilty in investigations they are facing, the New York Times reported, citing people briefed on the talks.
WASHINGTON, May 5- The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S.