U.S. banks near foreclosure settlement

By Wire services | January 7, 2013 | Last updated on January 7, 2013
1 min read

The largest U.S. banks, including JPMorgan Chase, Bank of America, Citi Group and Wells Fargo are close to settling with regulators for breaking rules when foreclosing on customer’s homes, reports ft.com.

The $10 billion settlement includes about $3.5 billion that will be paid in cash to homeowners who were evicted from their properties. Read more.

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Wire services