LATEST

Goldman agrees to pay $270m

Oliver Twist

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.

22 banks accused of manipulating treasury auctions

Pointing The Finger

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.

U.S judge rejects HSBC's bid to dismiss lawsuit

American courtroom

A federal judge rejected HSBC's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37bn of residential mortgage-backed securities contributed to the downfall of five federal credit unions.

HOT LIST

FEATURED

Oliver Twist

Goldman agrees to pay $270m

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.

Pointing The Finger

22 banks accused of manipulating treasury auctions

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.