Banks’ Credit Crisis Settlements Top $60B As Plaintiffs Reload

Law360, New York (March 8, 2013, 8:15 PM EST) -- The nation's largest banks have shelled out a combined $60 billion in settlements stemming from the housing collapse, according to a Friday report, but with regulators and plaintiffs attorneys starting to use old statutes in new ways to tackle financial crisis claims, experts say the worst may not be over for banks.

Financial data provider SNL Financial LC said in its report that the seven largest bank holding companies in the U.S. had paid out a total of $60 billion in settlements with regulators and investors...
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