Settlements Improve Clarity For Surging Big Banks
Major banks agreed earlier this week to a collective $20 billion rap on their knuckles. The payments will settle mortgage-related legal disputes. Yet the banks came away from the trip to the woodshed smiling for the most part. The settlements with the federal government and entities such as mortgage securitizer Fannie Mae (FNMA) are costly. But they cap a threat and enable the banks to move forward, says Ben Hesse, manager of $511 million Fidelity
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here