To the Point
DOJ Secures Another Billion Dollar Bank Settlement
Another bank has agreed to pay big money to settle allegations over the sale of toxic mortgage-backed securities to investors. JP Morgan Chase came up with $13 billion; today it’s Citigroup with $7 billion. Attorney General Eric Holder says the bank concealed “serious defects” from its own investors.
By Warren Olney • • 1 min readAnother bank has agreed to pay big money to settle allegations over the sale of toxic mortgage-backed securities to investors. JP Morgan Chase came up with $13 billion; today it’s Citigroup with $7 billion. Attorney General Eric Holder says the bank concealed “serious defects” from its own investors. Ben Protess covers Wall Street and white-collar crime for the New York Times.
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The full episode
1 of 3The NSA Gets Personal- 1:19DOJ Secures Another Billion Dollar Bank SettlementYou’re reading this
- 8:08Will the Latest NSA Revelations Lead to Reform?
- 43:14Biosecurity Breaches at the CDC