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Deutsche Bank to pay $1.9 bn to settle US mortgage case

Dec 21, 2013

Deutsche Bank to pay $1.9 bn to settle US mortgage case

Deutsche Bank said on Friday it will pay $1.9 billion to settle claims that it defrauded two U.S. government-controlled companies in the sale of mortgage-backed securities before the 2008 financial crisis. #US #Financial crisis #recession #Deutsche Bank
JPMorgan's legal troubles weigh on employee pay

Nov 22, 2013

JPMorgan's legal troubles weigh on employee pay

JPMorgan Chase & Co plans to keep overall compensation per employee roughly flat this year from last year, lagging gains at rivals, as the bank's massive legal settlements weigh on its results, two sources familiar with the matter said. #Economy #US #JP Morgan #Global recession #compensation #Employees #Jamie Dimon #mortgages
JPMorgan-US reach $13 bn deal over practices that led to recession

Nov 20, 2013

JPMorgan-US reach $13 bn deal over practices that led to recession

JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and New York state authorities, resolving claims over the bank's sales of mortgage-backed securities that collapsed during the US housing crisis. #JPMorgan #New York #US government #Bear Stearns #Eric Schneiderman #2008 crisis #2008 recession #Washington Mutual #Department of Justice
Data suggests Europe's recession recovery 'broad-based, self-sustaining'

Oct 03, 2013

Data suggests Europe's recession recovery 'broad-based, self-sustaining'

Another round of economic data Thursday provided evidence that Europe's recovery from recession is becoming broad-based and self-sustaining. #Economy #Europe #recession #Portugal #Eurozone #Spain #European Central Bank #Economic data #retail sales #recovery from recession