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FDIC in $190 mln settlement with banks over Countrywide debt

Published 2016-06-02, 10:35 a/m
© Reuters.  FDIC in $190 mln settlement with banks over Countrywide debt
GS
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BARC
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NWG
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CSGN
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DBKGn
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UBSG
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June 2 (Reuters) - The FDIC on Thursday said it has reached
a $190 million settlement with eight financial services firms to
resolve claims that they misled five banks that later failed
into buying residential mortgage-backed securities issued by the
former Countrywide Financial Corp.
In a statement, the FDIC said it reached settlements with
Barclays Plc BARC.L , BNP Paribas SA BNPP.PA , Credit Suisse
Group AG CSGN.S , Deutsche Bank AG DBKGn.DE , Edward D. Jones
& Co, Goldman Sachs Group Inc (NYSE:GS) GS.N , Royal Bank of Scotland
Group Plc RBS.L and UBS AG UBSG.S . The FDIC's full name is
the Federal Deposit Insurance Corp.

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