At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion (8 billion pounds) agreement with JPMorgan Chase & Co , the Financial Times reported.
Citing people familiar with the matter, the newspaper said the banks include Bank of America Corp Citigroup Inc , Credit Suisse Group , Deutsche Bank , Goldman Sachs Group Inc , Morgan Stanley Royal Bank of Scotland , UBS, and Wells Fargo & Co .
Document requests and discussions between the banks and government have picked up recently after Eric Holder, the U.S. attorney-general, indicated publicly that more mortgage-backed security lawsuits were coming by the end of the year, the FT said.
Source: Reuters
