Big banks paying major bucks to settle fraud charges — so where does the money go?

Major Wall Street banks are handing over some hefty sums to settle charges that they misled investors about those exotic mortgage deals that helped nearly topple the financial system. Citi is the latest to pay up. The Securities and Exchange Commission announced Wednesday that the mega-bank will part with $285 million to settle allegations that

Link:
Big banks paying major bucks to settle fraud charges — so where does the money go?

Posted by on October 21, 2011. Filed under News, Trending News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.