NEW YORK-- Ally Financial Inc. said Tuesday that it agreed to back a settlement plan to resolve potential financial claims stemming from its bankrupt mortgage division, Residential Capital LLC. The only exception: securities claims by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. in its role as receiver for certain failed banks.
WASHINGTON, Dec 14- Former IndyMac Chief Executive Michael Perry agreed on Friday to settle a lawsuit filed by the Federal Deposit Insurance Corp that stemmed from the collapse of the bank during the financial crisis, the FDIC said. The FDIC had alleged Perry "negligently" allowed the production of a pool of more than $10 billion in "risky" residential loans.
Under the rules proposed by the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, the biggest banks would have to hold the most capital.