Friday, September 2

U.S. regulator to sue major banks

Who would have thought that mortgage giants Fannie Mae and Freddie Mac would still be in the news?

They are expected to file suit against mega banks Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group Inc. and Deutsche Bank and other banks, according to the New York Times.

U.S. regulator to sue major banks over mortgage-backed securities

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