Tag Archives: bank

JPMorgan paying $5.1B in Fannie, Freddie deal

WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed. The Federal Housing ...

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Fort Washington man sentenced for $220K armored car robbery

A Fort Washington man has been sentenced to more than nine years in prison for stealing more than $220,000 from an armored car in an armed robbery. Forty-eight-year-old John Bernard Williams was sentenced Thursday in federal court in Baltimore. According ...

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Ally to pay government $5.2B for preferred stock

DETROIT — Auto financing and banking company Ally Financial took a big step toward exiting U.S. government ownership Tuesday, announcing a deal to pay taxpayers $5.2 billion for preferred stock granted in a 2009 bailout during the financial crisis. Ally, ...

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