Articles Tagged With 'Subprime Mortgages'
More Citigroup Execs Knew of Subprime Exposure, but SEC Says Its Settlement Is ‘Adequate’
Despite acknowledging that more Citi executives knew about the company's subprime exposure, the SEC argues that its settlement was "fair, reasonable, adequate."
Citigroup to Pay $1 for Every $500 in Subprime Exposure It Hid
Citigroup paid $75 million to settle charges that it hid exposure to more than $40 billion in subprime CDOs.
Other Major Banks Did Deals Similar to Goldman’s
The SEC accuses Goldman Sachs of actions similar to those of banks that dealt with the hedge fund Magnetar.
Citi Execs: “Deeply Sorry,” but Don’t Blame Us
Two former Citigroup leaders told an investigations committee that they were sorry for the company's role in the financial crisis, but that they didn't see it coming.
Subprime Companies Line Up for Gov’t Mortgage Plan
The federal program to modify home loans is paying companies that helped bring on the foreclosure crisis in the first place.
Large Bailed-Out Bank Struggles to Survive
CIT Group got $2.3 billion in government aid, but with its viability in question, the FDIC is reluctant to give it more.
