LATEST

Nomura and RBS appeal likely to fail

Nomura Logo

A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings and Royal Bank of Scotland to pay $839m for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.

Ex-Morgan Stanley trader fined and suspended

Sec Building

Nicholas Michael Bonacci, a former mortgage-bond trader at Morgan Stanley, was fined by the Securities and Exchange Commission and suspended from the industry for a year for misleading customers about the value of the securities they were buying, causing them to pay more.

JPMorgan agrees to pay $995m to resolve Ambac claims

Jamie Dimon

JPMorgan agreed to pay $995m to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.

HOT LIST

FEATURED

Nomura Logo

Nomura and RBS appeal likely to fail

A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings and Royal Bank of Scotland to pay $839m for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.

Sec Building

Ex-Morgan Stanley trader fined and suspended

Nicholas Michael Bonacci, a former mortgage-bond trader at Morgan Stanley, was fined by the Securities and Exchange Commission and suspended from the industry for a year for misleading customers about the value of the securities they were buying, causing them to pay more.