Under the national agreement negotiated by a commission created by President Barack Obama in 2012, the bank recognizes that increased levels of acceptable risk to mortgage loans assembled in mutual funds and sold to investors without informing them. These include bad loans.
Morgan Stanley said it had set aside funds for amounts related to the case. The bank acknowledged an agreement in principle to resolve a federal case for 2000 $ 600 million a year ago.
“We are pleased to have closed these agreements that resolve issues of values based on residential mortgage loans” said spokesman Mark Lake said Thursday.
the Justice Department said the federal punitive by 2000 600 million is the largest of the agreements reached with the commission totaling approximately 5,000,000,000 dollars.
“Our task is far from complete,” said the attorney general of New York, Eric Schneiderman, co-chairman of the commission. “The communities in the country have not recovered after the fall”.
The agreements so far totaling about 64 billion dollars, Schneiderman said.
The commission has reached agreements with Citigroup by 7 billion, JP Morgan $ 13 billion and Bank of America for 16 billion 650 million dollars.
comments in the section above are poured are the responsibility of the participants. Help us maintain a healthy exchange of ideas, denounced by a “click” on the icon of the flag, each entry it deems inappropriate. If the statement does not comply with RULES , will be eliminated. Click here for the regulations .
Welcome to our feedback service. We invite you to analyze, comment on and question the articles and reports published by El Diario. To maintain a healthy exchange of ideas to all our users, you need to follow the rules that we detail below. By participating in the feedback service you accept the application of these rules.
You agree that you are fully responsible for the content that you post.
No intentionally publish content that violates the copyright, trademark, patent or other intellectual property right of a third person.
No disseminate defamatory, obscene or aggressive to violate the right of a third person to privacy according to municipal, state, federal or even international, or is otherwise deemed inappropriate. It indemnify Publications Paso del Norte (*), its employees and affiliates of each and every one of the claims and / or damages (including, but not limited to attorneys’ fees) that are submitted by third parties in relation to the content you published. There will draft content that discriminates against others because of their gender, race, ethnicity, nationality, religion, sexual orientation, disability or any other category.
You understand and agree that The Journal is not responsible for content posted by third parties.
it is his understanding that the discussion forums, El Diario published oversees the content and reserves the right to remove, edit or alter content that may be inappropriate for any reason without consent of the author . We reserve the right according to our own discretion to withdraw a user the right to publish content on our site.
you understand and agree that the discussion forums are to be used for non-commercial purposes.
request resources or financial support. It will not promote commercial enterprises or make commercial activities of any kind in our discussion forums.
You understand and agree that use of any information obtained through the discussion forums at your own risk.
El Diario in any way endorse the content broadcast users, and it can not be made responsible for its accuracy.
With every content that you post, given to The Journal , royalty-free irrevocable, perpetual, exclusive and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or parts globally and to incorporate them in their work in any way now known or hereafter developed.
No comments:
Post a Comment