Standard & Poor’s says the government plans to file a lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage-backed securities that later plunged in value and fueled the 2008 financial crisis.
S&P said Monday that it has been told by the Department of Justice that it intends to file a civil lawsuit focusing on S&P’s ratings on some mortgage-backed securities in 2007.
S&P expects to be sued by Department of Justice over ratings on mortgage-backed bonds
Lowe's will close 51 underperforming stores in North America, the company announced Monday.
The move – which includes...
The 2018 Nobel Prize for economics has been awarded to US economists William Nordhaus and Paul Romer...
The national debt is $21 trillion and counting.
The federal deficit soared last year to $779 billion...
Elon Musk is to step down as chair of Tesla for three years and pay a...
