Societe Generale to pay $122 mln to resolve U.S. mortgage lawsuit | Business Information & News | Westlaw

Societe Generale to pay $122 mln to resolve U.S. mortgage lawsuit | Business Information & News | Westlaw

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2/27/14 REUTERS 20:48:29
REUTERS
Copyright © 2014 Thomson Reuters
February 27, 2014
Societe Generale to pay $122 mln to resolve U.S. mortgage lawsuit
Nate Raymond
Jonathan Stempel
NEW YORK (Reuters) - Societe Generale has agreed to pay $122 million to settle a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
The settlement, announced by the...
---- Index References ----
Company: RBS MEZZANINE LTD; DEUTSCHE BANK AG; WELLS FARGO AND CO; SG AMERICAS INC; FEDERAL NATIONAL MORTGAGE ASSOCIATION; GENERALE SA; JPMORGAN CHASE AND CO; BANK OF AMERICA CORP; MORGAN STANLEY; FEDERAL HOME LOAN MORTGAGE CORP; CREDIT SUISSE GROUP LTD; CITIGROUP INC
News Subject: (Major Corporations (1MA93); Funding Instruments (1FU41); Mortgage-Backed Markets (1MO87); Securitization (1SE75); Residential Mortgage-Backed Securities (1US15); Real Estate Investments (1RE04))
Industry: (Financial Services (1FI37); Banking (1BA20); Asset-Backed Securities (1AS67); Consumer Finance (1CO55); Mortgage Banking (1MO85); Securities Investment (1SE57); Retail Banking Services (1RE38); Investment Management (1IN34))
Region: (U.S. Mid-Atlantic Region (1MI18); New York (1NE72); North America (1NO39); Americas (1AM92); USA (1US73))
Language: EN
Other Indexing: (Mike Segar)
Keywords: securities (MCC:f); (N2:US); (N2:USANY); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 363