Tag: US banks

• Wednesday, September 19th 2018 - 08:41 UTC

  Card issuers have to pay US$ 6.2bn to settle class action lawsuit by US retailers

  

  Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay US$ 6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.

• Friday, April 20th 2018 - 09:02 UTC

  Record one billion dollars penalty on Wells Fargo expected to be announced on Friday

  

  United States federal regulators are poised to impose a US$ 1 billion penalty on Wells Fargo for a variety of alleged misdeeds, including forcing customers to buy auto insurance policies that they didn't need, according to people briefed on the regulatory action.

• Monday, April 2nd 2018 - 08:45 UTC

  Barclays agrees to pay US$ 2bn to settle lawsuit for “misleading investors”

  

  Barclays has agreed to pay US$2bn to settle a lawsuit brought by the US government over the sale of mortgage-backed securities. The US alleged that the bank had misled investors about the quality of loans backing the securities in the run-up to the financial crisis.

• Saturday, February 4th 2012 - 05:28 UTC

  New York State sues three top leading US banks on mortgage database abuse

  

  Bank of America Corp., Wells Fargo & Co and JP Morgan Chase & Co were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.

• Tuesday, September 6th 2011 - 20:15 UTC

  US banks offered deals over improper-mortgage practices, says FT

  

  Big US banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.