9 More Banks Are Getting Probed By The DoJ On Matters That Led To JP Morgan Paying $13 Billion


Chandni Doulatramani
businessinsider.com
October 24, 2013

At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co <JPM.N>, the Financial Times reported.

Citing people familiar with the matter, the newspaper said the banks include Bank of America Corp <BAC.N>, Citigroup Inc <C.N>, Credit Suisse Group <CSGN.VX>, Deutsche Bank <DBKGn.DE>, Goldman Sachs Group Inc <GS.N>, Morgan Stanley <MS.N>, Royal Bank of Scotland <RBS.L>, UBS <UBSN.VX>, and Wells Fargo & Co <WFC.N>.

Document requests and discussions between the banks and government have picked up recently after Eric Holder, the U.S. attorney-general, indicated publicly that more mortgage-backed security lawsuits were coming by the end of the year, the FT said.

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