You can pump that 'news' all you want, but that is non-news and the settlement amount is like a drop of water in the ocean. Much bigger news a month ago was their settlement with CITI ... that helped move the needle. But this minuscule settlement news is nada ...
Right on time. Does anyone else find it a coincidence that this news is being dropped on the same day of a highly telegraphed and soon to be rejected bi-partisan f and f reform proposal?
Seems like this article plays right into the transfer of blame game, doesn't it?
Oh the shameful banks, the right hand gets slapped while the left is stuffing its pockets with the proceeds of the "deal".
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