trending Market Intelligence /marketintelligence/en/news-insights/trending/9u_tslghpqxd8krthex5qg2 content esgSubNav
In This List

The Thursday Express: Wells Fargo to pay $97M; CNA Financial faces lawsuit

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


The Thursday Express: Wells Fargo to pay $97M; CNA Financial faces lawsuit

* Two House Republicans are putting final touches on legislation that would raise the reporting threshold under the Bank Secrecy Act.

* Bank of America is facing a class-action lawsuit alleging that its former appraisal subsidiary, LandSafe, cherry-picked appraisers to help boost mortgage volumes before the financial crisis, the Financial Times reports.

* A federal judge in Los Angeles ordered Wells Fargo to pay $97 million to home mortgage consultants and private mortgage in California over breaks that they did not get but were entitled to, Bloomberg News reports.

* The Royal Bank of Scotland agreed to pay $4.9 billion to settle an investigation into the sale of residential mortgage-backed securities in the U.S., Reuters reports.

* Insurance company CNA Financial is being sued for allegedly raising premiums of certain long-term care insurance policyholders.

* AXA Equitable's IPO has been priced at $20 per share, lower than the expected share price of between $24 and $27.

* Public and private insurers are expected to pay at least $1.5 billion in claims from severe thunderstorms that hit the U.S. in April, according to a report from Aon Benfield's Impact Forecasting.

* Athene Holding continues to expand its holdings in asset-backed securities amid expectations of "significant growth" ahead for said securities.

* Pricing for policies that cover for executives' actions and decisions is slowly rising amid a spike in merger-related lawsuits and a wave of sexual misconduct scandals that hit the business.

The Daily Dose has an editorial deadline of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.