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JPMorgan deal 'preposterous': Former prosectutor

Jamie Dimon

JPMorgan's tentative $13 billion settlement with the Justice Department, the New York attorney general, and the Federal Housing Finance Agency over financial crisis-era mortgage loans is a "terrible deal," former federal and state prosecutor Jacob Frenkel told CNBC on Monday.

FHFA seeks $6bn from BofA for mortgage sales

Money On Hook

A U.S. housing regulator is seeking at least $6bn from Bank of America to settle civil claims the firm sold faulty mortgage bonds to government-backed finance companies Fannie Mae and Freddie Mac, according to a person with direct knowledge of the discussions

Case against Madoff son dismissed in London

Bernie Madoff

A British High Court judge criticized the liquidators of U.S. fraudster Bernard Madoff's London company in a judgment on Friday that dismissed their $40 million civil claim against his brother, son and former directors of the firm.

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Elephant Stefan Vasilev

Barclays fined £72m over 'elephant deal'

An “elephant deal” that Barclays executed three years ago has cost the bank £72m in penalties, after the City regulator concluded the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.