RBS reaches $4.9B tentative settlement in mortgage-backed securities case
The Royal Bank of Scotland Group announced that it has reached a tentative settlement of US$4.9 billion (£3.6 billion) with the U.S. Department of Justice concerning the sale of toxic residential mortgage-backed securities between 2005 and 2007.
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ArticleFormer startup CEO gets 7 years in prison for $175M fraud against JPMorgan Chase
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.