Friday, February 10, 2012

The Fed announced that as part of the larger $25 bln foreclosure settlement agreed by states U.S. banks

The Fed announced that as part of the larger $25 bln foreclosure settlement agreed by states U.S. banks and states that it was imposing penalties totaling $766.5mln on five major banks over their mortgage servicing practices.
 The banks involved are Bank of America Corp, Citigroup, JPMorgan Chase, Wells Fargo &and Ally Financial Inc.

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