10 US banks to pay $8.5B for foreclosure abuse

Banking & Finance

Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes

(Source: AssociatedPress YouTube channel)

More Videos

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Most Discussed
  • 17
    Countdown to VAT: are Gulf businesses ready?

    I feel with VAT in place from 2018, retailers, SMEs will figure out ways of Tax-evasion as it happens in most of the developing economies unless authorities... more

    Tuesday, 14 February 2017 1:10 PM - Diya Pardasani
  • 16
    Dubai likely to lose 'shopper's paradise' status: S&P

    Increasing cost to operate business and reduced volumes compel importers, distributors, wholesaler and retails to work on higher margin to break-even... more

    Tuesday, 21 February 2017 1:24 PM - gvk
  • 10
    Dubai real estate: which way will it go?

    well the mortgage rates are going to go up even more as the US will increase rates so the central bank here will also have to increase proportionately... more

    Wednesday, 15 February 2017 1:28 PM - Bill
This Week's Magazine »

Cover Story

How Travis Kalanick aims to drive Uber's growth in the Gulf region
In an exclusive interview with Arabian Business, the CEO reveals how he gave 40,000 Saudis jobs, and what makes Dubai the perfect blueprint for the GCC

Also in this issue

Subscribe Now

sponsoredTracking