May 2, 2018
Crisis Era
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Crisis Era
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Wells Fargo to pay $17 million to Illinois pension funds over crisis-era mortgage bonds Wells Fargo will pay more than $ 17 million to a series of Illinois pension funds after settling with the state over the bank’s “misconduct in its marketing and sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse,” Illinois Attorney General Lisa Madigan announced this week.
Investors speculate on return of crisis-era Build America infrastructure bonds under split Congress
With Democrats sweeping into the House within the midterm elections, analysts are touting the prospective comeback of crisis-era municipal bonds as phase of a broader infrastructure invoice. Talk of primary infrastructure regulation has won floor as buyers marked it out because the uncommon space the place Democrats and President Donald Trump shared not unusual floor.…
Investors speculate on return of crisis-era Build America infrastructure bonds under split Congress was originally published on Daily Cryptocurrency News
RBS to pay $20 million to Illinois pension funds over crisis-era mortgage bonds
RBS to pay $20 million to Illinois pension funds over crisis-era mortgage bonds
For the third time this year, the Royal Bank of Scotland is about to pay up over the bank’s mortgage practices in the run-up to the housing crisis.
RBS has already reached a nearly $ 5 billion settlement with the Department of Justice that would cover the bank’s issuance and underwriting of residential mortgage-backed securities between … Investments
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US to ease crisis-era Dodd-Frank banking rules
US to ease crisis-era Dodd-Frank banking rules
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A move to relax US banking rules approved after the financial crisis has cleared its final stage in Congress.
The House of Representatives voted 258-159 to approve the measure, sending it to the president to sign into law.
The bill, which won some bipartisan support, reduces the oversight requirements for banks…
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