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The megamerger between the health insurers Aetna and Humana has been blocked by a federal judge.

The deal, in which Aetna proposed to buy Humana for $37 billion, has been ruled anticompetitive by US District Judge John Bates.

"In this case, the government alleged that the merger of Aetna and Humana would be likely to substantially lessen competition in markets for individual Medicare Advantage plans and health insurance sold on the public exchanges," Bates' decision said.

"After a 13-day trial, and based on careful consideration of the law, evidence, and arguments, th...

The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche Bank resolving federal civil claims that Deutsche Bank misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007.  This $7.2 billion agreement represents the single largest RMBS resolution for the conduct of a single entity.  The settlement requires Deutsche Bank to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act...

HSBC Holdings Plc will pay $32.5 million to settle claims that it failed to follow a U.S. regulator’s orders to improve mortgage foreclosure practices that led to borrowers being harmed after the 2008 credit crisis.

The Office of the Comptroller of the Currency levied the fine after concluding that HSBC is now in compliance with the agency’s orders going back to 2011. The London-based bank was one of many big U.S. mortgage servicers that reached agreement with regulators to review problems that led to borrowers facing improper foreclosures.

“We’re pleased with the OC...

California has enacted Senate Bill 1150. SB 1150 amends California’s Civil Code to provide foreclosure protection to persons claiming to be the successor in interest to a deceased borrower. Upon notice that a borrower has died, before recording a notice of default, the servicer must provide certain information about the loan and allow time for the successor in interest to submit reasonable documentation establishing status and ownership in the real property.

“Those who suffer the loss of a loved one should not also face the possibility of losing their home,” said At...

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