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The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions in a US$196 billion lawsuit
the following lead defendants...............
Bank of America Corporation – $6 billion
Barclays Bank PLC – $4.9 billion
Citigroup, Inc. – $3.5 billion
Countrywide Financial Corporation -$26.6 billion
Credit Suisse Holdings (USA), Inc. – $14.1 billion
Deutsche Bank AG – $14.2 billion
HSBC North America Holdings, Inc. – $6.2 billion
JPMorgan Chase & Co. – $33 billion
Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion
Morgan Stanley – $10.6 billion
Nomura Holding America Inc. – $2 billion
The Royal Bank of Scotland Group PLC – $30.4 billion
Société Générale – $1.3 billion
Bank of America is severely exposed in this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion.
the following lead defendants...............
Bank of America Corporation – $6 billion
Barclays Bank PLC – $4.9 billion
Citigroup, Inc. – $3.5 billion
Countrywide Financial Corporation -$26.6 billion
Credit Suisse Holdings (USA), Inc. – $14.1 billion
Deutsche Bank AG – $14.2 billion
HSBC North America Holdings, Inc. – $6.2 billion
JPMorgan Chase & Co. – $33 billion
Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion
Morgan Stanley – $10.6 billion
Nomura Holding America Inc. – $2 billion
The Royal Bank of Scotland Group PLC – $30.4 billion
Société Générale – $1.3 billion
Bank of America is severely exposed in this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion.