Us Justice Department


C Suisse punishment sends warning to other big banks

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The U.S. Justice Department didn’t blink in its pursuit of a guilty plea from Credit Suisse for helping thousands of Americans evade taxes. What prosecutors accomplished with the criminal conviction - the first of a major bank in a decade - isn’t as clear.

BofA in DOJ settlement talks for $10B+: Sources

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Bank of America, one of the nation's largest banks and mortgage providers, has been working aggressively to put its mortgage liabilities behind it. Last month, it announced a $6.3 billion settlement of its outstanding mortgage-security and other contract issues with Fannie Mae and Freddie Mac.

Bank of America trades investigated

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Bank of America’s handling of futures trades has been investigated by the U.S. Department of Justice and the Commodity Futures Trading Commission, according to a regulatory filing in June.