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I wonder if this to reciprocate for the decision by the EU against Apple to the tune of $14 billion. Numbers seem very similar. Coincidence?
by divbyzer0 10y ago
I wonder if this to reciprocate for the decision by the EU against Apple to the tune of $14 billion.
Numbers seem very similar. Coincidence?
- pkaye 10y agoThe US was asking other banks for similar amounts since early on but they settle for less... "In 2014, the DoJ asked Citigroup (C.N) to pay $12 billion to resolve an investigation into the sale of shoddy mortgage-backed securities, sources said. The fine eventually came in at $7 billion."
- bogomipz 10y agoGoldman Sachs was also fined for the same, they negotiated it down to 5 billion. So it's not related to recent events with Apple. http://www.nytimes.com/2016/01/15/business/dealbook/goldman-to-pay-5-billion-to-settle-claims-of-faulty-mortgages.html http://www.nytimes.com/2016/01/15/business/dealbook/goldman-...