BusinessInsider reports that the Federal Housing Finance Administration has just announced mortgage-related lawsuits against 17 U.S. and Euro banks.
Bank of America has been sued over $30.85 billion in losses on securities.
Goldman Sachs has been sued over losses on $11.1 billion in securities.
Barclays has been sued for $4.9 billion in losses on securities.
UBS has been sued for over $900 million in losses on securities.
Nomura for over $2 billion in losses on securities.
Credit Suisse has now been sued, too.
Citi has been sued over losses totaling $3.5 billion in losses on securities.
Deutsche Bank has been sued for $14.2 billion in losses on securities.
JPMorgan has been sued for losses on $33 billion worth of securities. First Horizon, General Electric, and Ally Financial have been sued too.
HSBC has been sued over losses on $6.2 billion worth of securities….
That's not all. Read on at : http://www.businessinsider.com/it-begins-fhfa-sues-barclays-and-bank-of-america-2011-9#ixzz1WuDLqTku
No comments:
Post a Comment