Search Results for: sub-prime

The US Court of Federal Claims ruled Monday that the Federal Reserve bailout of AIG in 2008 exceeded its authority but did not award any damages. The suit was brought by...

A judge for the US District Court for the Southern District of New York gave final approval Friday to a $970.5 million settlement for shareholders of the insurance giant American International Group (AIG) to settle claims [NYT...

The US Department of Justice (DOJ) on Thursday criticized the US Sentencing Commission after a federal panel introduced a proposal which would reduce prison time for white-collar criminals. The DOJ objected to the panel's ideas...

Amnesty International (AI) on Wednesday criticized the EU's failure to prevent migrant casualties at sea. The statement comes amid reports that as many as 300 migrants may have died off the coast of the Italian...

A federal judge on Wednesday imposed a $1.27 billion penalty on Bank of America after a jury found them liable for mortgage fraud. Judge Jed Rakoff for the US District Court for the...

The US Supreme Court ruled unanimously Monday in Robers v. United States that the Mandatory Victims Restitution Act (MVRA) requires restitution calculation based upon the property a lender loses, not upon the collateral...

Judge William Pauley of the US District Court for the Southern District of New York dismissed a class action lawsuit on Thursday against American Express, Citigroup and Discover Financial Services that alleged the...

An Italian appeals court overturned the fraud oversight convictions of several banks on Friday. A lower court ruled that JPMorgan Chase & Co., Deutsche Bank AG, UBS AG and Depfa Bank Plc forced the city of Milan to enter...

The US Supreme Court heard oral arguments on Tuesday in Robers v. United States . The case addresses the issue of whether a defendant who owes restitution for a fraudulently obtained loan returns...

JPMorgan Chase & Co. Settlements with the US Department of Justice The US Department of Justice announced on November 19, 2013 that JPMorgan Chase & Co. had agreed to a record-setting $13 billion settlement over its risky mortgage practices that...