The U.S. Justice Department has settled with Nomura Holding America Inc. and its affiliates over federal civil claims that Nomura allegedly misled investors via the marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007, government and bank officials confirm. The settlement will cost Nomura $480 million, and Nomura officials say firm… Read More >>
Billion-Dollar Settlements Sting A-List Banks and Investors
The best known aphorism attributed to the late U.S. Senator Everett Dirksen, the honey-voiced Republican Minority Leader in the LBJ era, is “a billion here, a billion there, and pretty soon you’re talking real money.” One wonders what Dirksen would make of the multi-billion-dollar settlements that Goldman Sachs, Bank of America and other giant banks… Read More >>
