Federal profiling on the basis of religion, gender, national origin, sexual orientation and gender identity will be banned, NBC News reports.» Read More
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.
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.
SunTrust will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program.
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.
Bank of America has asked the U.S. Attorney General to meet with its chief executive officer in an attempt to resolve differences over a mortgage settlement.
Sallie Mae has reached a $60 million settlement with the government to resolve allegations that it overcharged military service members.
Attorney General Eric Holder discusses the Department of Justice's belief that no company, no matter how big, is above the law, including the big banks. "No individual or company," he says, "is above the law.
CNBC's Eamon Javes reports Attorney General Eric Holder has posted a video message on the DOJ's website stating there is no such thing as too big to jail.
One cybersecurity expert says the more technologically "plugged in" you are, the more vulnerable you are to identity theft. CNBC's Scott Cohn has the story.
Five Senate Democrats urged the Justice Department to oppose efforts by GM to skirt financial responsibility on its recall.
CNBC's Eamon Javers reports on Attorney General Eric Holder's investigation into high-frequency trading.
James Stewart, New York Times columnist, shares his thoughts on the Justice Department's investigation into high-frequency trading to determine if it violates insider trading laws. I think it's going to be difficult to make criminal charges out of this but I welcome the investigation, says Stewart.
Attorney General Eric Holder is investigating high-frequency trading to determine if it violates insider trading laws, reports CNBC's Eamon Javers.
Toyota's massive fine for misleading the public and regulators about issues in its vehicles raised questions about another automaker: General Motors.
CNBC's Phil LeBeau has the latest details on an agreement reached between the Justice Department and Toyota over the recall of its autos for unintended acceleration.
CNBC's Scott Cohn reports US Attorney General Eric Holder has been released from the hospital.
CNBC's Scott Cohn reports Attorney General Eric Holder was taken to the hospital after experiencing shortness of breath.