HSBC to Pay $765M in Toxic RMBS Settlement
The Department of Justice says bank employees ignored the warnings of its primary due diligence vendor about the quality of loans underlying its RMBS.
Moody’s Fined $16M Over Rating Deficiencies
The SEC says Moody's failed to ensure the accuracy of statistical models and apply rating symbols consistently.
RBS to Settle RMBS Claims for Record $4.9B
The Justice Department says the penalty is the largest it has ever imposed for financial crisis-era misconduct at a bank.
Ex-Deutsche Trader Accused of RMBS Fraud
The bank's former head of subprime trading allegedly misrepresented the quality of securitized loans to protect Deutsche's bottom line and his own salary.
RBS Settles Suit Over Toxic RMBS for $5.5B
"This settlement is a stark reminder of what happened to this bank before the financial crisis," the bank's CEO says.
UBS Pays $445M Over Credit Union MBS Losses
The Swiss bank was accused of misrepresenting the risks of roughly $1.15 billion of RMBS it sold to the U.S. Central and Western corporate credit unions.
Ally Financial Fined $52M Over MBS Marketing
U.S. authorities say an Ally subsidiary marketed mortgage bonds even though it knew a "significant percentage" of the underlying subprime loans was toxic.
JPMorgan Settles With FDIC Over WaMu Deal
The bank will receive $645 million from the WaMu receivership estate in exchange for dropping more than $1 billion in indemnification claims.
Ex-Goldman Trader Fined $400K in Fraud Case
Edwin Chin allegedly misrepresented the terms of RMBS trades to increase Goldman's profits and his own compensation.
DBRS Fined $6M Over Credit Rating Methodology
The SEC's case against DBRS is the second this year involving credit rating agencies' evaluations of complex financial instruments.
BNY Mellon, U.S. Bank Hit With Suits Over RMBS Losses
The FDIC sued the banks over their role as trustees of nearly $2.2 billion of securities purchased by failed financial institution Guaranty Bank.