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
WASHINGTON- More than 46,000 drug offenders will be eligible for early release from federal prison under an amendment to sentencing guidelines passed on Friday by a U.S. judiciary agency- unless Congress blocks the change. Congress has the authority to block both amendments by Nov. 1 of this year.
WASHINGTON— Republicans chastised the Justice Department on Thursday for failing to share information with Congress about its investigation into the targeting of conservative groups by the Internal Revenue Service.
WASHINGTON— The Justice Department is investigating the circumstances behind the disappearance of emails from a former senior Internal Revenue Service official, part of a broader criminal inquiry into whether the agency had targeted conservative groups seeking tax-exempt status, according to congressional testimony released Wednesday.
Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.
WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.
July 14- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter. Citigroup's shares were up 3.9 percent at $48.82 in premarket trading on Monday.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief. Citigroup's shares were up 1.4 percent at $47.65 before the bell.
WASHINGTON— Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades, the Justice Department said Monday.
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.
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.