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
The White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...
Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks...
