Major Banks Under Investigation for Mortgage Investment Fraud
Prosecutors are investigating eight major banks to determine if they provided misleading information to credit ratings agencies in order to deceive investors about the quality of mortgage-backed securities (MBS) they were selling. New York Attorney General Andrew Cuomo has reportedly issued subpoenas to Citigroup, Goldman Sachs, Morgan Stanley, Bank of America’s Merrill Lynch, Credit Suisse, … Continue reading Major Banks Under Investigation for Mortgage Investment Fraud
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