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Justice Department Settles $864MM Case Against Moody’s

The Justice Department, 21 states and the District of Columbia reached a $864 million settlement agreement with Moody’s in conjunction with the agency’s behavior preceding the financial crisis.

Citigroup Q2 Earnings Impacted by $3.7B RMBS Charge

Citigroup reported Q2/14 net income of $181 million compared to net income of $4.2 billion a year earlier. Citi noted the Q2 results included the impact of a $3.7 billion after-tax charge to settle RMBS and CDO-related claims.

July 15, 2014 Citigroup | RMBS ABF Journal

Bloomberg: BofA Facing Additional $13B to Settle RMBS Probe

Bloomberg reported U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis.

April 28, 2014 Bank of America | RMBS ABF Journal

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Tag Archives: RMBS

Justice Department Settles $864MM Case Against Moody’s

Citigroup Q2 Earnings Impacted by $3.7B RMBS Charge

Bloomberg: BofA Facing Additional $13B to Settle RMBS Probe