JPMorgan,Citi Can't Ditch FDIC Suit Over Colonial MBS Sales

JPMorgan,Citi Can't Ditch FDIC Suit Over Colonial MBS Sales

JPMorgan Chase & Co., Citigroup Inc. and other major lenders lost a bid Friday to dismiss the Federal Deposit Insurance Corp.'s suit accusing them of duping now-defunct Colonial Bank into buying $388 million worth of doomed mortgage-backed securities ...read more

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