Tag Archives: lawsuits

How crappy U.S. mortgages hurt Ireland and Germany

October 1, 2011 – 12:32 AM

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks.

By Timothy Blake | Posted in Bank of America, JPMorgan Chase | Also tagged , , , , , , | Comments Off

List of lawsuits against major banks

September 4, 2011 – 5:10 AM

The regulator overseeing Fannie Mae and Freddie Mac today sued many of the country’s biggest banks, claiming the government-owned entities were duped into buying tens of billions of dollars in mortgage securities that went south.

By Timothy Blake | Posted in Ally Financial (GMAC), Citigroup, Credit Suisse Holdings USA, Nomura Holding America Inc, Societe Generale | Also tagged , , , | Comments Off

Goldman Sachs sued again over MBS

August 19, 2011 – 9:53 AM

Bond insurer CIFG Assurance has become the latest aggrieved party to sue Goldman Sachs for misrepresenting a bunch of MBS-related securities that blew up.

By Timothy Blake | Posted in Goldman Sachs | Also tagged , , , , | Comments Off