GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

April 12, 2019 admin Business News Comments Off on GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis.

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Source:: Reuters – Business News