April 18, 2016
Monday’s Adjudication Roundup
- Goldman Sachs settled for $5.06 billion with federal and state authorities for its conduct leading up to the financial crisis in the residential mortgage-backed securities market.
- Credit Suisse will pay $50 million in mortgage-backed securities suit to settle allegations that it lied about the securities it had sold to two credit unions.
- RBS Securities files a reply brief arguing that Fannie Mae and Freddie Mac should have seen the bad loans coming and thus the federal district court erred in its judgment in levying $806 million penalty on another bank.