Wells Fargo was one of the last remaining U.S. big banks to settle charges related to its role in the subprime mortgage crisis
Morgan Keegan funds were invested in securities backed by subprime mortgages
Bond pricing allowed Credit Suisse to achieve fictional profits
Investors misled about the riskiness and credit quality of ‘enhanced cash’ fund
Without admitting or denying allegations, Citi agrees to SEC penalty
Firm misrepresented subprime data
Bank pleased with decision
Regulator alleges firm misled investors about subprime investments
Largest penalty slapped on National Bank Financial
Pre-qualified fund managers will have to raise $500 million of capital, which the U.S. Treasury will the match