SunTrust Banks pays nearly $1 billion in mortgage abuse case settlement
A SunTrust bank branch in Washington, DC on April 13, 2012 [AFP]

SunTrust Banks pays nearly $1 bn for mortgage abuse (via AFP)


SunTrust Banks agreed Tuesday to pay $968 million to settle US charges, rooted in the 2008 financial crisis, that it mislabeled huge numbers of defective mortgages as quality loans, abusing borrowers. The Atlanta, Georgia-based SunTrust's deal with…

[Image via Agence France-Presse]