Sponsored Links
FACTBOX-Who the FHFA has sued over subprime bonds
Sept 2 (Reuters) - The U.S. Federal Housing Finance Agency sued 17 financial institutions on Friday, for allegedly misrepresenting material information when selling mortgage-backed securities.
Below is a summary of banks that were sued, and the dollar value of securities that the FHFA is suing over:
BANK DOLLAR VALUE OF SECURITIES
($ BLNS)
Ally Financial $6
Bank of America Corp (BAC.N)
Bank of America $6
Countrywide (unit of Bank of America) $26.6
Merrill Lynch (unit of Bank of America) $24.853
Barclays Plc (BARC.L) $4.9
Citigroup Inc (C.N) $3.5
Credit Suisse (CSGN.VX)* $14.1
Deutsche Bank AG (DBKGn.DE) $14.2
First Horizon National Corp (FHN.N) $0.883
General Electric Co (GE.N) $0.549
Goldman Sachs Group Inc (GS.N) $11.1
HSBC (HSBA.L)* $6.2
JPMorgan Chase & Co (JPM.N) $33
Morgan Stanley (MS.N) $10.58
Nomura Holdings Inc (8604.T)* $2
Royal Bank of Scotland (RBS.L) $30.4
Societe Generale (SOGN.PA) $1.3
TOTAL: $196.165 *Some lawsuits targeted subsidiaries and not the parent company Source: court documents (Compiled by Ben Berkowitz, Clare Baldwin, Dan Wilchins and Jonathan Stempel)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters